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BlueScope Steel kicks off early prep for sales of US business
When federal detectives examined his financial dealings, they uncovered a $403,000 deposit into a gaming account at The Star Sydney. As Chau’s international gaming operation grew, though, so did the rumours that it involved dirty money. Chau’s operation also gave him the ear of the Chinese Communist Party elite who didn’t mind a punt and who, Australian authorities suspected, may also have wanted to quietly move large amounts of money to Australia. Chau’s Australian business flourished between 2012 and 2019, helping to earn him enough capital to finance action movies in Hong Kong and major casino projects in Russia and Asia. By the late 2000s, almost every major Macau casino had a Suncity high-roller room where Chau’s clients could gamble huge amounts in luxury settings, away from the prying eyes of mainland authorities.
We use technology to protect platform integrity, but we don’t fact-check reviews
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The massive upgrade in Australian sharemarket earnings expectations since July could face a reality check as companies update their guidance this month. The superannuation giant’s $250 billion flagship vehicle is realigning its equities holdings, with Telstra and critical minerals companies the big winners. Dom Pym, who made his fortune selling Up to Bendigo and Adelaide Bank, has raised $10 million from investors including the Commonwealth Bank for his debut VC fund.
- They will jack your money.
- Anti-money-laundering agency Austrac, which also has a representative on the ACIC board, warned last year in a heavily redacted report that high-roller operations were also suspected of funding foreign interference operations.
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- In a world of AI slop, an appreciation of the finer things in life is a sought-after attribute.Tech companies are trying to find people to teach this.
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