The Suncity/Alvin Chau saga continues, as Chinese state media indicate that some $42 billion was wagered by Chinese punters in an illegal cross-border gambling operation linked to the junket. Meanwhile, in Macau, the year has started strong, with Citigroup estimating GGR topped $548 million in the first week. Further abroad, Bet365 saw strong revenue in its financial year, but results were driven down by increased expenses.

The cross-border gambling syndicate operated by Suncity Group founder Alvin Chau received over RMB 300 billion ($42.2 billion) in bets from Chinese gamblers from 2015 to 2019, as reported on Monday by China's State-owned TV - CCTV.

Four of the accused in the Suncity junket trial have had their requests for Habeas Corpus denied by the Court of Final Instance.

Five of Macau’s gaming operators are no longer pursuing compensation from junket group Suncity over alleged funds due given alleged illicit gaming activity, according to a report.

Macau courts have sealed the fate of former Suncity junket boss Alvin Chau, cementing his 18-year sentence despite acquitting him of fraud. The former socialite has also seen the values of his companies' dues to the Macau government increase, to $3.2 billion, over alleged money laundering and illicit gaming offenses, tied to other respondents in the case against Suncity.

The Court of Second Instance of Macau has acquitted Alvin Chau, the former boss of Suncity, and six other defendants in a case of fraud, encompassing both completed and attempted forms of the crime.

The convictions of the heads of Suncity and Tak Chun, the two largest junket operators in the Macau SAR, has had a "massive impact" in Southeast Asia as VIP gaming promoter networks shifted operations to countries within the region, the Regional Representative of the United Nations Office on Drugs and Crime (UNODC) for Southeast Asia and the Pacific told Asia Gaming Brief.

MGM China has announced that it deems the ‘possibility to recover’ losses linked to its litigation against now-defunct junket operator Suncity is ‘remote’.

Hong Kong-listed LET Group Holdings Ltd has secured HKD48.5 million ($6.2 million) through a share placement in net proceeds from a placement of up to 269 million shares at a placing price of HKD0.186 apiece. The information was shared in filing on Friday.

Former Suncity junket boss Alvin Chau has decided to appeal his 18 year prison sentence which was handed down on January 18th.