Chau Trac Hoa - "Casino tycoon" who takes care of Hong Kong beauties is arrested

The news that "casino tycoon" Chau Trac Hoa was officially arrested for being involved in an illegal cross-border brokerage and gambling organization is causing a stir in the Chinese social network.

On the evening of November 26, Chinese media reported that the Procuratorate of Wenzhou City (Zhejiang) approved an arrest warrant for billionaire Zhou Zhuohua, a casino magnate in Macau and Hong Kong, for alleged brokerage and illegal gambling.

According to China Daily, in July 2020, the police opened a large-scale business investigation into a series of casinos in China. The functional forces discovered violations at the premises of Truong Ninh Ninh, Chau Trac Hoa. The reported case is of a particularly serious nature.

It is known that since 2007, Chau Trac Hoa registered casino business in Macau and some other legal locations in China. In 2016, this billionaire started opening an online gambling platform with servers located in the Philippines. In order to gain illegal profits, Chau Trac Hoa opened a financial company disguised as a way for gamblers to mortgage properties, lend hot money, organize tours to take Chinese citizens abroad to gamble.

Wenzhou City Police said that the cross-border gambling criminal gang, led by Zhou Zhuohua and Zhang Ningning, is sophisticated and dangerous. Up to the time of his arrest, the businessman's organization, born in 1974, had 12,000 gambling establishments and 199 senior employees. They have 80,000 member gamblers with huge amounts of extortion money.

Currently, the functional forces of Zhejiang province are calling on Zhou Zhuohua to turn himself in soon to enjoy leniency from the law. The casino billionaire's accomplices have been arrested and prosecuted according to the law.

As soon as the news of Chau Trac Hoa's arrest was announced, Chinese public opinion was extremely confused, countless comments were made. Among them, many netizens have posted to ask Thai Duong Xuyen Hoa company to speak up before the news that this company, Bona Film Group and Chau Trac Hoa had engaged in money laundering and illegal business. Until now, Thai Duong Xuyen Hoa company has officially issued a document denying the relationship with Chau Trac Hoa.

Zhou Zhuohua was born on May 30, 1974 in Macau, China. More than 10 years ago, Chau Trac Hoa was a disciple of the notorious gangster Doan Quoc Cau of the 14K gang in Macau. Thanks to his quick intelligence and hard work, Chau was quickly employed by tycoon Doan and assigned to many important positions.

While working at the casino, Chau Trac Hoa came up with a lending method known as the explosive number. Accordingly, the creditor will cut back 20% of the interest on the total loan amount. For example, if a player borrows 10,000 yuan, the amount they actually receive is only 8,000 yuan, 2,000 yuan of interest will be withheld by the creditor. When paying, the player will only have to pay back 10,000 yuan without any further interest.

With this lending method, Chau's casino is attracting more and more people to play because they feel they don't need to pay extra interest. Thanks to that, Chau Trac Hoa made a lot of money and was highly appreciated by many big tycoons in Macau.

In 1999, when Doan Quoc Cau was arrested, because of his intelligence, Chau Trac Hoa was released from prison and quickly became a famous casino billionaire in Hong Kong. Since then, Chau Trac Hoa started implementing new business methods in many fields such as real estate, tourism, food... and even cinema. Worth mentioning, any field invested by Chau Trac Hoa is also a great success.

In 2007, Zhou Zhuohua founded Sun Entertainment Culture Limited, headquartered in Guangzhou, China. As of 2019, the billionaire's Suncity Group has a total value on the stock market in Hong Kong of about HKD 2.7 billion. In 2017, Suncity Group had sales of more than 333 million yuan (equivalent to 52 million USD).

It is known that the Suncity group that Chau Trac Hoa is running has invested in Bona Film Group - this is the birthplace of legendary films such as "Red Sea Action" and "Golden Triangle Mission".

In addition, Chau Trac Hoa also has a close relationship with Thai Duong Xuyen Hoa company - this is Angelababy's old company and the "parent company" of many Chinese artists such as Chau Dong Vu, Truong Quan Ninh Kim Than. Specifically, one of the capital chains of Bona Film Group is Thai Duong Xuyen Hoa company.

In particular, Chau Trac Hoa also expanded the scale of real estate in Hong Kong with Hong Nhuan industrial park and other residential and shopping projects. Along with that, luxury resorts in Mainland, Hong Kong, Japan and Vietnam also help him bring in huge profits.

Actress Lieu Bich Le used to be a businessman's lover. The two lived together for 5 years, and had 3 children. In October 2019, they ended their relationship. Chau Trac Hoa transferred to the former TVB star a property worth $ 38 million as a parting fee.

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