GCGC Partnership with HK Magnate Revealed
The Great Canadian Gaming Corporation (GCGC) has been embroiled in controversy after it was discovered that it has partnered with a Hong Kong casino tycoon with suspected links to organized crime circles.
The tycoon, who seems to be linked to crime in Macau casinos, has allegedly partnered with the Canadian gaming operator in a casino cruise ship venture set for the South China Sea. This new information has caused quite a stir within the local gambling industry, and will likely prompt an investigation into the matter by BC’s gaming enforcement division, according to Attorney General David Eby.
Suspicious Dealings Come to Light
An initial investigation based on interviews with former GCGC staff members and reviews of legal documents has revealed that Cheng Yu Tung, who was the third-richest man in Hong Kong before his death in 2016, was a key investor for the casino ship dubbed the China Sea Discovery. The cruiser operated by Great Canadian ran for just a year from 2000 to 2001, and was reportedly plagued with issues pertaining to Chinese gangster activity, according to witnesses. Multiple lawsuits ensued after the cruise service was shut down.
A statement from Canada’s Eby notes that even for ventures that are based outside of the country itself, investors involved with British Columbian casino companies must be scrutinized for integrity by the provincial government before entering into any major deals. Eby has also urged BC casinos to operate with integrity, no matter where they are conducting their business.
Yu Tung Reportedly Unregistered
To corroborate the allegations, Eby’s ministry has confirmed that Yu Tung had not been vetted or registered to become involved in British Columbian gambling endeavours. In his statement, Eby further noted that allegations of unregistered businesspeople becoming involved with gaming service providers in Canada needed to be taken very seriously.
The attorney general has issued a call for any credible information
The attorney general has also issued a call for any credible information about such happenings, urging Canadians to forward these details to the BC Gaming Policy Enforcement Branch so that investigations can be launched and suspicious activities can be nipped in the bud.
Also offering her comments on the allegations, former Crown prosecutor Sandy Garossino (who has long criticized organized crime in BC gambling institutions) has compared the revelation of Yu Tung’s business partnership with the GCGC to a proverbial bombshell that has blown open the need for a public inquiry into what has been happening in the province.