Macau’s Court of Second Instance has reduced the prison sentence of former Tak Chun Group chairman Levo Chan by 12 months to 13 years and determined he does not need to pay compensation to five of the city’s concessionaires because he was acquitted of the offence of fraud.
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However, the amount owed by Chan and four other defendants directly to the Macau government has been substantially increased.
Chan was in April 2023 sentenced to 14 years in prison following a three-month long trial and ordered to pay $25 million in damages to Wynn Macau Ltd, Sands China, SJM Resorts, Galaxy Entertainment Group and MGM China. Between he and four other defendants, the total amount of compensation to be paid came to $70.5 million.
