The appearance of ex-triad boss Wan Kuok Koi at a signing ceremony of Dragon Corp. in Hong Kong did not mean that the sexagenarian was in any way involved in financing the Macau’s gaming company’s $300 million floating casino.

Dragon Corp. held a signing ceremony with Thailand-based Wi-Holding in September, when it launched an initial coin offering (ICO) to build the 1,600-square-meter Dragon Pearl Casino Hotel.

The ambitious ICO, however, appeared to be in jeopardy after the South China Morning Post published photos that showed 61-year-old Wan at the ceremony. Wan, also known as Broken Tooth, served a 14-year sentence for illegal gambling, loansharking and criminal association.

Upon his release in 2012, the gangster boss reportedly announced his days with the triad were over, and instead signaled an interest in venturing into the junket business. His presence, however, at Dragon Corp.’s ceremony likely attracted even closer scrutiny from Chinese regulators who have already shut down fundraising activities in the country involving the sale of digital tokens.