Industry
November 1, 2022
No Irregularities around Suncity Were Found, DICJ Head Testified
Macau’s Court of First Instance dealing with the case against former Suncity boss Alvin Chau and 20 other defendants heard Monday that the city gaming regulator had found no irregularities during its past checks of the finances of the junket operator. Cross-Checking with Concessionaires Chau and the others were indicted with illegal gambling activities, running […]
Casino
September 23, 2022
Junket Agent Reveals He Ran Side-Betting System at Suncity VIP Room
The trial involving Macau’s junket operator Suncity continues with new revelations on side-betting practices. Cheong Chi Kin, who was close to former Suncity Group CEO Alvin Chau, has admitted to setting up a system for side-betting transactions. 21 Defendants, Including Alvin Chau, Are Answering Before the Macau Court 21 defendants along with Suncity Group founder […]
Business
November 29, 2021
Suncity Boss Alvin Chau Arrested; Fallout Could Hit All Junkets
Alvin Chau, Suncity’s boss, has been detained in Macau, the world’s richest gambling market. The Wenzhou government has requested Chau’s extradition in order to face a string of criminal charges in Zhejiang. The government claims that Chau orchestrated a cross-border illegal gambling syndicate and warranted issuing an order for his arrest this week. Alvin Chau […]
Legal
August 5, 2020
NSW Inquiry: Star Could Not Find Credible Evidence
Star Entertainment Group was the latest to feature in the inquiry initiated by the government in New South Wales (NSW) into the dealings of casino operator Crown Resorts with the junket firm Suncity. The ASX-listed group informed regulators that they switched Suncity to another part of the casino and tasked its internal anti-money laundering and […]
Casino
June 1, 2020
Wakayama Pushed Back Its Private Business Partner Selection Timetable
Wakayama Prefecture, one of the candidates to host an integrated casino resort in Japan, announced Monday the selection process regarding its private sector partner to develop the project would be delayed. The two candidates that have been approved for the next round of the process would now have until October 19 to submit their request-for-proposal […]
Business
May 31, 2020
Suncity Acquires New Stake in Suntrust to Achieve 74.42% Total
Suncity Group, the residential and commercial property developer listed on the Hong Kong stock exchange, is expanding its stake in the Philippines property management company Suntrust Home Developers, Inc, after a “CB Subscription Agreement” was signed to see it subscribe to convertible bonds to the amount of $145 million and reach 74.42% share in the […]
Casino
May 16, 2020
Suncity Granted Hoiana Casino License, Moved Forward with Wakayama IR
Hoiana, a $4 billion project of Hoi An South Development Co Ltd (HASD), has moved one step further after the company was granted a Casino Operating License last week, paving the way for phase 1 development of the property in Vietnam’s Quang Nam province to launch in early 2021. The license to operate a casino […]