Good Morning. This week has been all about Suncity’s fall from grace and the future of the junket/ VIP model. In this week’s Face-to-Face interview we ask David Green, principal of Newpage Consulting, for his take on the latest developments. Green argues that one of the main issues is that of Macau’s ‘international’ border status.

Don’t forget to REGISTER for the upcoming AGB Webinar “Is this the end of junkets?” on Thursday, December 9th, 2021 from 4pm – 5pm HKT, where leading experts will discuss the future of the industry.

What you need to know

Suntrust Home Developers said the arrest of Suncity CEO Alvin Chau is not expected to have a direct impact on its business and will not affect the timeline for construction of its Westside City Project in Entertainment City, Manila.

China’s crackdown on illegal gambling is likely to intensify throughout the rest of this year and into 2022 as Beijing seeks to stem the outflow of an estimated $154 billion annually, according to a report from the Asia Racing Federation. 

​​Crown Resorts said Blackstone’s sweetened bid still doesn’t represent value for shareholders, but it has given access to non-public information to allow the U.S. fund to formulate a better offer.

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FACE-TO-FACE with David Green

Suncity case raises carries wider, more worrying implications

The arrest of Suncity Group head Alvin Chau has likely put the final nail in the coffin for the junket industry, at least in Macau, but the potential fallout goes far wider. Newpage Consulting principal David Green, who is an expert in Macau’s gaming law, says the case seems to clarify a question that has been debated for some time over whether Beijing views the border between the mainland and Macau as an international frontier. In this week’s Face-to-Face Interview, Green tells us that the distinction carries worrying implications for the wider gaming industry in Macau. 

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