Note that this book is a slow-burn novel, and it will become increasingly exciting as the story progresses.
It starts from 2002, beginning at the Beijing Film Academy, and starting with the H...
In 1998, Wan Kuok-koi (Broken Tooth Koi) was sentenced to 13 years and 10 months in prison for crimes including involvement in organized crime, money laundering, and loan sharking during a crackdown on triad activities in Guangdong, Hong Kong, and Macau. His former glory vanished like a phantom. Alvin Chau (Alvin Chau's son) then inherited a large amount of "resources" left behind by Wan Kuok-koi.
With the resources left behind by Wan Kuok-koi, Alvin Chau further expanded his business.
But human greed is like a drug/gambling addiction; once it's ignited, it's impossible to stop. Alvin Chau, whose power has greatly increased, is no longer content with making a living solely through lending.
Because lending is only a peripheral area in the gambling industry chain, if you really want to make big money, you have to move upstream in the industry chain and directly operate gambling venues.
However, a gaming license is the legal permit to operate a casino. Before Macau's return to China, the Ho family-led conglomerate held a dominant position. After the handover, the government required gaming licenses to be re-tendered, breaking the Ho family's monopoly. The gaming licenses were divided into three parts and then further divided into six, ultimately resulting in the current situation. Without a gaming license, Alvin Chau (Xi Mihua) could only operate under the name of a licensed company, opening separate gaming tables and rooms in their casinos.
When Alvin Chau was eager to find a partner, he met the second benefactor in his life—Angela Leong, the fourth wife of casino tycoon Stanley Ho. Through Angela Leong, Alvin Chau obtained the operating rights to a large number of casinos owned by Stanley Ho.
Angela Leong further strengthened her position in the Ho family by cultivating influence with figures like Alvin Chau.
Since the 1980s, VIP rooms in Macau casinos have been contracted out. Whoever contracts a VIP room is the "room owner." The room owner is at the top of the food chain; if your contracted room is ranked number one, you are the "room king." It is said that Alvin Chau contracts 18 VIP rooms, controlling half of the VIP room market.
Alvin Chau's Suncity and Ady An's husband's Tak Chun are among the casino groups with the largest VIP rooms. Su Guojing, the founding chairman of the Asian Responsible Gaming Alliance, said: "Without VIP rooms, there would be no Macau gaming industry."
Thanks to its VIP rooms, Macau's casinos finally surpassed Las Vegas in total revenue in the early 21st century, becoming the world's number one gambling city. By the end of 2013, Macau's annual gaming revenue was already seven times that of Las Vegas.
Statistics show that VIP rooms account for 40% of total gambling revenue in Las Vegas, but in Macau, 70% of revenue comes from VIP rooms. Data suggests that 90% of Macau's gamblers are from mainland China, so the majority of VIP room customers are also high-rollers from mainland China.
Having amassed a vast fortune, Alvin Chau now needed to launder his money, much like industry tycoons in movies. He began diversifying his business focus, venturing into entertainment, real estate, finance, and other sectors. But Chau's ambitions grew even larger; he was no longer content with simply being a kingpin…
With the rise of the internet, Alvin Chau seized the opportunity of the internet age and obtained an online gambling license in the Philippines to operate the Suncity gambling website, which offers various types of gambling and even broadcasts live dealers dealing cards, making it very popular among gamblers.
Lacking a gambling license, Michael Wah made a desperate attempt, turning his attention to online gambling, bringing the games of the rich to the tables of the poor.
To attract mainland customers and make players feel like they are actually there, Alvin Chau recruited "online commenters" who had to be fluent in various languages (Cantonese, Shanghainese, and Northeastern Mandarin), speaking the language of the region where the customers were from.
In order to attract more people to play, he even adopted a method of developing downlines, similar to a pyramid scheme, where players could "rebate" based on the amount of money their downlines bet if they recruited others to participate in gambling.
Upon entering the Suncity online gambling app interface, the casino visible in the remote online video is Suncity's "Baccarat" casino. The camera transmits the gambling table footage to the network in real time, which is then displayed on a computer or mobile phone screen.
Although the casinos are located in the Philippines and Cambodia, gamblers in mainland China can view a panoramic view of the casino, including the live dealing of cards by the dealers, simply by logging into the platform on their computers or mobile phones. Clicking to zoom in reveals even the "Player" and "Banker" signs placed on either side of the dealer. Gamblers watch the live video feed and place their bets simultaneously, with Suncity's online betting staff confirming the bets via phone call, creating an immersive experience.
Suncity's online gambling platform offers "Electronic Betting" and "Easy Betting" gambling options at four and six locations respectively, situated in casinos such as City of Dreams and Kaka Bay Resort in the Philippines, and the West Lake Resort Casino in Cambodia. The minimum bet for "Electronic Betting" is 5,000 yuan, with a maximum of 2.5 million yuan; the minimum bet for "Easy Betting" is 1,000 yuan, with a maximum of 40 million yuan. Videos show that Suncity's online gambling platform has at least 100 baccarat tables, and players can quickly switch between tables.
Furthermore, Shen Fang also heard that the Suncity online gambling platform has been operating for more than four years and has an estimated membership of hundreds of thousands. Recently, the average monthly betting amount from mainland China has reached more than 100 billion yuan, and the annual betting amount is more than one trillion yuan.
This company's annual net profit alone exceeds the total annual profit of any single Fortune 500 company.
Because of Alvin Chau's actions, many so-called smart people in China began to imitate him, opening gambling halls overseas. The legitimate ones connected to Macau's betting odds, while the illegitimate ones set up their own venues, hired scantily clad young women to entice bets, and even searched for prey online. The movie "All or Nothing" is relatively realistic, but everything in it is fake. The house can make you win or lose as they please. It's basically pure fraud and has nothing to do with gambling.
There's absolutely no bottom line. I have many friends like this; they've ruined their families and lives because of online gambling. This isn't a joke; it's personal experience. One of my friends, who was quite wealthy—owning an internet cafe and a hotel—had a wife, kids, and a warm home. It was a perfectly happy family, but because of online gambling, he lost over 3 million yuan in less than a year. This stuff is completely uncontrollable. Once you're hooked, there's no going back. He already knew he was being scammed, but he'd lost so much, he was blinded by greed. He couldn't stop.
Greed is just as evil as drug addiction and gambling addiction.