Macau’s gambling operator Suncity ceases junket operations

EMBATTLED Macau gambling operator Suncity Group ceased its junket operations as of Friday, according to people familiar with the matter, following the arrest of its founder amid Beijing’s ongoing crackdown on the casino hub.

Sun City Gaming Promotion Company Ltd., Suncity’s junket business arm, said it can’t operate because partnerships with other casinos were halted, and company systems were suspended due to legal proceedings, according to an internal notice seen by Bloomberg News.

Suncity employees were notified late on Friday and no follow-up arrangement has been announced, said the people, who asked not to be identified because the information is private. Employees have yet to receive November salaries because company systems and accounts are frozen under the investigation, the people said.

A representative for Suncity didn’t immediately respond to a request for comment outside of normal business hours.

Alvin Chau, who controls Suncity Group, was arrested late last month on allegations of establishing overseas gambling platforms and carrying out illegal virtual betting activities. Suncity has since closed all of its VIP gaming rooms in Macau’s casinos, and was said to have told some staff it will stop paying them amid concerns over cash flow.

Source: https://www.bworldonline.com/macaus-gambling-operator-suncity-ceases-junket-operations/