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Suncity says Macau gaming rooms shut, CEO resigns after arrest

December 13, 2021
Source: yahoo.com yahoo.com
News Snapshot:
Suncity says Macau gaming rooms shut, CEO resigns after arrest - Oops!Something went wrong.Please try again later. By Eduardo Baptista HONG KONG (Reuters) -Macau's Suncity Group Holdings Ltd said gaming rooms operated by a company owned by its former CEO and chairman, Alvin Chau, have been closed. Chau, who was arrested with 10 others on Sunday over alleged links to cross-border gambling and money laundering, is also the founder of Macau's biggest junket operator which brings in high rollers to play at casinos. Suncity Group also confirmed in its statement issued late on Wednesday that Chau had resigned from all...
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Tags: arrested | cash | Casino | CEO | chairman | China | Chinese | crackdown | development | Founder | fraud | fund | gambling | gaming | Hong Kong | hotel | investment | Macau | national security | online game | Pandemic | Philippines | Portugal | retail | travel

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