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China’s clampdown on online gaming to stop capital outflows is having a negative impact on liquidity in Macau’s VIP sector, Reuters reports.
Suncity Group was given a Certificate of Donation by the Chinese central government’s Liaison Office to Macau for its efforts to fight the coronavirus pandemic.
Suncity Group Chairman Alvin Chau says he expects his company to hold a portfolio of integrated results in all major jurisdictions across Asia in a few years, “rivalling peers ahead” of the company today.
The Gaming Inspection and Coordination Bureau (DICJ) revealed that there are now only 95 licensed junket operators in Macau, a sharp fall from the...
The Commonwealth Casino Commission in the Commonwealth of Northern Mariana Islands will discuss an application for four new junket operators on Thursday, together with a contract extension for Imperial Pacific International’s (IPI) chairman.
Australian regulators are likely to focus on probity issues in their investigations into Crown Resorts’ operations, although experts don’t expect any major red flags to be raised.
Macau’s largest junket operator, Suncity Group, has closed all its Australian VIP rooms for commercial reasons, MNA reports.
Suncity Group held the soft opening of a new VIP club at Resorts World Manila on August 15.
Macau is taking a more stringent approach towards regulating its junket operators, but more action is needed to prevent money laundering, an annual U.S. report found.
Suncity Group Holdings said a company owned by its chairman Alvin Chau has agreed to lend the junket operator HK$1.5 billion ($191 million) to...
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