Tuesday, November 30, 2021

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Suncity says Alvin Chau to resign, arrest may hit group revenue

Suncity Group Holdings said Alvin Chau intends to resign from his executive positions with the group and said his arrest may have a negative impact on group revenue.

Macau operator shares plunge on fallout from Suncity Group boss arrest

Suncity Group Chairman Alvin Chau was transferred to a local jail pending trial, with his arrest continuing to reverberate through the industry, sending shares in Macau’s casino operators plunging on Monday.

Suncity head accused of being in a criminal ring, illegal gaming, money laundering

The Macau government has said that Suncity Holdings Chairman Alvin Chau is being investigated on suspicion of being in a criminal ring, running illegal gaming activities and money laundering.

Suncity’s Suntrust unit posts wider loss, says Manila construction on track

Suncity Group's Suntrust unit has said that the Westside City project remains on track for opening in 2023 despite lockdowns due to Covid in the Philippines.

Suncity, Summit Ascent win awards at the 7th HKIRA Awards

Suncity Group Holdings together with its subsidiary, Summit Ascent Holdings are pleased to announce that Suncity and Summit Ascent have won multiple HKIRA Investor Relations Awards at the 7th HKIRA Awards 2021 Ceremony.

Suncity/Summit Ascent win investor relations accolades

Suncity Group Holdings and its Summit Ascent Holdings unit have won multiple awards for investor relations at the 7th HKIRA Investor Relations Awards Ceremony.

Suncity Chairman Alvin Chau sells stake in Sun International for about $9 million

Suncity Group CEO Alvin Chau has sold his entire stake in financial services firm Sun International for just over $9 million.

Suncity H1 revenue doubles on contribution from Russia ops.

Suncity Group Holdings said its 1H21 revenue surged 99 percent, boosted by operations of its unit Summit Ascent, which operates the Tigre de Cristal in Russia.

Suncity expects to swing to 1H profit on one-time gains

Suncity Group Holdings said it expects to return to profit in 1H21 due to one-time gains, though revenue has dropped by about 60 percent.

PAGCOR probing Suncity over client deposits, report

The chair and CEO of PAGCOR has told the Philippine Inquirer that the watchdog has set up “an investigative committee” into whether Suncity has failed to return clients’ deposits.