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Suncity shuts VIP gaming rooms in Macau after CEO’s arrest sources

December 2, 2021
Source: intellasia.net intellasia.net
News Snapshot:
[Suncity shuts VIP gaming rooms in Macau after CEO’s arrest sources] Embattled gambling group Suncity Group Holdings (1383.HK) has closed all of its VIP gaming rooms in Macau, the world’s largest gambling hub, after the company’s CEO was arrested, two sources with direct knowledge of the situation told Reuters. The shutting of the company’s VIP rooms will result in a cut of around a third of its Macau headcount, according to one of the sources, a senior casino executive who declined to be identified as the closure has not been publicly announced. Suncity Group, whose shares were suspended from trade...
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Tags: arrested | Casino | CEO | China | Chinese | currency | Economy | entertainment | Europe | executive | Founder | Galaxy | gambling | gaming | illegal | IT | Macau | online game | Philippines | police | Portugal | Renminbi | stocks | Xinhua | Yuan

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