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Jack Lam Disconnects From Jimei

Jack Lam Disconnects From Jimei

The legendary Jack Lam, at one time one of the major junket operators in Macau, stepped down from Jimei International Entertainment, the company he founded to operate his VIP business.

Lam—who remains a fugitive from the Philippines, where he is accused of making bribes and illegally hiring Chinese workers at his Fontana Resort near the Clark International Airport—sold his stake in Jimei in April. Lam reportedly received $57 million for his 65 percent stake in the company.