Legal
December 2, 2022
Chau and the Defendants Will Receive the Final Verdict on January 18
The final verdict from the legal proceedings against former Suncity Group CEO and chairman Alvin Chau and 20 other defendants will be stipulated in the middle of January next year, as per the schedule announced by the Macau Court of First Instance on December 1. Chau Directs Apologies to Suncity Group Staff Inside Asian Gaming […]
Legal
November 14, 2022
Evidence on Suncity Group Proxy Betting Practices Presented in Chau Case
Proxy betting brought massive illegal profits to junket operator Suncity Group and its founder and former CEO Alvin Chau, according to Macau’s Judiciary Police (PJ). Suncity Group Handled over 62,000 Side Bets Between 2013 and 2021 Macau Business reported that during the court hearing of the case against Alvin Chau and 20 other defendants on […]
Legal
October 12, 2022
Suncity Trial Focuses on the Casino Marketing Department
The legal proceedings against the former chief executive officer of Suncity Group Alvin Chau, who was accused of illegal gambling, money laundering, criminal association, and fraud along with 20 other individuals, continued on Monday when the prosecution called nine witnesses to testify. All of them worked in the marketing department of Suncity Group. Suncity Marketing […]
Legal
September 29, 2022
Defendant Admits He Helped Suncity Customers Open Online Gambling Accounts
The court proceedings against a group of former Suncity Group employees continue with full force after Chinese authorities cracked down on the junket operator uncovering illegal gambling activities, side-betting operations, fraud, and other violations. Another Defendant Accused of Manipulation of Funds Was Heard by the Court In the course of the hearings, which have been […]
Casino
September 19, 2022
Chau Knew of Multiplier Bet Schemes but Did not Participate
The first day of the trial against Alvin Chau at Macau’s Court of First Instance saw the former boss and founder of the Suncity Group deny any allegations of participating in multiplier bet schemes at casinos in Macau. Iceberg-Type Scheme to Hide GGR, Avoid Tax The trial against Chau and 20 other people was initially […]
Legal
September 5, 2022
Chau’s Trial Postponed as Defendants Fail to Show Up
Alvin Chau’s trial has been postponed after more than half of the defendants failed to turn up on September 2. Half of the Defendants Didn’t Show Up Alvin Chau is the ex-chair of the notorious Suncity Group, a Chinese junket operator that was allegedly involved in numerous illegal gambling activities. Because of his involvement with […]
Legal
August 16, 2022
35 Suncity Junket Defendants Plead Guilty
China continues to crack down on junket operators who it argues have been flouting the rule of law by engaging in cross-border gambling. In the latest such development, Beijing moved against 35 individuals who are linked to Macau’s Suncity junket operator, who has pled guilty to the charges against him. Suncity Group Defendants Plead Guilty […]
Casino
July 7, 2022
Andrew Lo Steps in as Executive Director for Suncity Group
Suncity Group Holdings finally has a new executive director with Andrew Lo Kai Bong assuming the position. This comes shortly after Lo increased his stake in the company to 74.98%, in what is rumored to be a buyout of the previous director’s shares. Alvin Chau, the former chairman of the company, was arrested back in […]
Casino
May 20, 2022
Alvin Chau Transfers Suncity, Summit Ascent Stakes
For a while, the fate of Alvin Chau Cheok Wa’s assets, the former chairman of the embattled Suncity Group, remained unknown. Now, a new filing submitted to the Hong Kong Stock Exchange shows that the man has decided to transfer his stakes to Andrew Lo Kai Bong, a Suncity Group executive director. He has also […]
Industry
May 12, 2022
Suncity Group Starts Unwinding Subsidiaries to Lenders
Troubled junket operator Suncity Group filed with the Hong Kong Stock Exchange (HKSE) Tuesday to inform the exchange that the company had reached an agreement to sell Goal Explore Investment Limited and Boshing Investments Limited Selling Indebted Businesses for Nominal Value Suncity Group, which recently had its junket license suspended by the Philippine Amusement and […]
