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Chinese gambled away billions in illicit funds, alleges US university report

Macau, Asia’s gaming capital, has long been tied to allegations of illicit funds funnelled from China, particularly from mainland officials, but how much is at stake exactly? Apparently US$2 billion (HK$15.5 billion) per year, said the University of California, Berkeley (UCB), in a report by its Graduate School of Journalism’s Investigative Reporting Program. It cited as sources US intelligence agencies based in the…

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