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Suncity's online gambling wagering exceeded $42.2 billion, reported the State-owned TV

The report from CCTV has unveiled details of the cross-border gambling operations, including the scale of the online gambling business, affiliates' requirements, and how the online gambling group received and settled gambling funds. CCTV noted that Alvin Chau started an online gambling business in the Philippines targeting Chinese nationals in…

Incidents ・ 08 January 2024

Macau Business

Chinese punters placed RMB300 bln in bets linked to Suncity online gambling

Mainland Chinese gamblers had contributed over RMB300 billion (MOP339 billion/USD42 billion) to online gaming activities led by former Suncity Group boss Alvin Chau, China Central Television has reported. According to a CCTV report on Monday, a court in Wenzhou, Zhejiang province, believes that the junket operator could have pocketed around RMB8.7…

Incidents ・ 08 January 2024

Gambling News

Macau Police Busts Illegal Gambling Scheme and Arrests 15 People

The Macau Daily Times reported that the arrested Macau residents of ages 29 to 66 years old were allegedly part of an illegal online gambling business operated on overseas servers. At a press conference that took place on January 12, the Macau Judiciary Police announced that it had acted together with the Guangdong Province police and together the…

Incidents ・ 15 January 2023

Gambling News

Defendant Admits He Helped Suncity Customers Open Online Gambling Accounts

The court proceedings against a group of former Suncity Group employees continue with full force after Chinese authorities cracked down on the junket operator uncovering illegal gambling activities, side-betting operations, fraud, and other violations. In the course of the hearings, which have been going on for the past nine days, one more…

Trust and Safety ・ 29 September 2022

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European Gaming

Macau Gambling Boss Denies Illegal Gambling, Criminal Syndicate Allegations

A well-known Macau gambling boss in China's special administrative region of Macau denied charges including enabling illegal gaming, running a criminal syndicate and money laundering at the start of his trial on Monday. Alvin Chau was chairman of Macau's Suncity junket - which brokers the gambling activity of Chinese high rollers - until December…

Law ・ 22 September 2022

Vegas Slots Online

Macau Gambling Head Denies Laundering, Illegal Gaming

Alvin Chau, a well-known gambling executive in Macau, denied charges of illegal gaming, money laundering, and running a criminal syndicate during his trial on Monday. arrested on a warrant accusing him of illegal gambling on the Chinese mainland Chau served as the chairman of Macau's Suncity junket, which helps organize activities for Chinese high…

Covid ・ 19 September 2022

WION

Thai police detain an alleged Chinese gambling lord

Thailand police have arrested a Chinese fugitive wanted by Beijing for allegedly running illegal online gambling operations, and will soon extradite him to China as per authorities. According to Thailand's deputy police spokeswoman Kissana Phathanacharoen, She Zhijiang, 40, a Chinese national who also holds a Cambodian passport, was detained last…

Incidents ・ 16 August 2022

Asgam

China says 42,000 cross-border gambling cases detected in past three years

China's Ministry of Public Security (MPS) says it has made every effort to crack down on illegal cross-border gambling over the past three years, detecting 42000 cases of cross-border gambling between 1 January 2020 and 31 March 2022. Together with other economic crimes, a total of RMB190.5 billion (US$28.3 billion) in economic losses were…

Travel ・ 10 May 2022

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Macau's casino GGR grows 43.7% in 2021; marks nearly a third of pre-pandemic numbers

According to data released by the Gaming Inspection and Coordination Bureau (DICJ), Macau's casinos secured MOP 7.96 million (USD 990.9M) in December, which accounts for a 1.8% increase in a year-over-year comparison. The full-year tally went up by 43.7% to MOP 86.8 billion (USD10.8B). The overall revenue for 2021 accounts for 29.5% of pre-pandemic…

Covid ・ 16 February 2022

Yogonet

US casino workers union calls for federal probe into Macau's junket SunCity's link with US casinos

The International Union of Operating Engineers Local 501, which represents over 2000 members working in Las Vegas casinos, on Tuesday called for a coordinated U.S. federal investigation into Macau's largest gambling junket operator SunCity Group and its historical relationships with U.S. gaming companies. In separate letters to the U.S. Justice…

Politics ・ 11 February 2022

Macau Business

Las Vegas casino worker union calls for US federal investigation on gaming operators’ former ties with Suncity

A Las Vegas casino workers union has called for a coordinated US federal investigation into former junket operator Suncity and its former business ties with US-linked gaming companies. The public statement was issued by the International Union of Operating Engineers, Local 501, which represents over 2000 members, primarily construction workers who…

Land-based ・ 09 February 2022

Market Watch

Shares of casino operator Macau Legend dive following arrest of CEO

Macau Legend Development's 1680, -19.30% share fell as much 30% after Macau media reports of the arrest of its chief executive officer over the weekend, on suspicion of money laundering and illegal gambling including the operation of online casinos. Police said the arrest of the hotel and casino operator's chief executive Chan Weng Lin was directly…

Industry ・ 31 January 2022

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Macau Business

Police arrest two in illegal gambling crackdown, Tak Chun boss Levo Chan among detained

The Judiciary Police (PJ) announced today (Sunday) two people in the junket sector were arrested on Friday for alleged crimes of engaging in illegal gambling activities, running a crime syndicate and money laundering. The authorities did not identify the two suspects, only referring to them as two Macau male residents - one surnamed Chan and aged…

Law ・ 30 January 2022

The Standard

Macau junket tally halves

Macau's gaming regulator yesterday said that the number of junkets or gaming promoters nearly halved over the past 12 months and Suncity (1383) is no longer on the list. The total number of licensed casino operators sank to a record low, to 46 this year from 85 in January 2021, the Gaming Inspection and Coordination Bureau said. Major operators on…

Law ・ 26 January 2022

High Stakes

80,000 Arrests as Chinese Gambling Crackdown Continues

More than 80000 arrests for cross-border gambling were made by the Chinese authorities last year, with over 2200 illegal online gambling platforms shut down in the latest crackdown. The arrests and closures were the result of 17000 separate cases investigated by China's Ministry of Public Security, which also resulted in 1600 illegal payment…

Incidents ・ 25 January 2022

New Jersey Online Gambling

Junket Operator's Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings' CEO, was among those detained. The region's casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the'08-'09 financial crisis, Macau casino stocks…

Finance ・ 01 December 2021

Radio Free Asia

China arrests Macau casino chief in crackdown on cross-border gambling

Macau's Suncity casino operator has shut down its VIP rooms following the arrest of CEO Alvin Chau on suspicion of cross-border gambling and money-laundering, Reuters reported on Wednesday, as the ruling Chinese Communist Party (CCP) seeks to curb what it sees as a dangerous outflow of capital from mainland China. The move will slash the number of…

Incidents ・ 01 December 2021

Market Screener

Arrest of Macau's 'junket mogul' rattles the world's largest gambling hub

Alvin Chau, the CEO of gambling group Suncity Group Holdings Ltd, is the founder of the biggest of Macau's junket operators - outfits that bring in high rollers to play at casinos. He was arrested on Sunday by Macau authorities over alleged links to cross-border gambling. A warrant for his arrest has also been issued in China. Analysts say his…

Incidents ・ 01 December 2021

Reuters

Macau gambling group Suncity's shares plunge after CEO arrested

HONG KONG, Nov 30 (Reuters) - Shares of Macau gambling group Suncity Group Holdings Ltd (1383.HK) slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign. Alvin Chau, also the founder of Macau's biggest junket operator which brings in high rollers to play…

Industry ・ 30 November 2021

Global Times

14 fugitives with Red Notice from Interpol suspected of cross-border gambling and telecommunication fraud repatriated to China

14 fugitives with Red Notice from Interpol suspected of cross-border gambling and telecommunication fraud repatriated to China criminal Photo: VCG A total of 14 Chinese nationals with Red Notice from Interpol for suspected cross-border gambling and telecommunication fraud were escorted and repatriated to China thanks to the close cooperation…

Trust and Safety ・ 29 November 2021

Global Times

Over 63,000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor

Over 63000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor Guests play slot machines on the gaming floor during the launch of full-scale sports betting at Dover Downs Hotel and Casino in Dover, Delaware, US. Photo: VCG A total of 63238 individuals in China were accused of illegally opening casinos between…

Incidents ・ 29 November 2021

Barron's

Macau Casino Stocks Tumbled Again. Crackdown Fears Are Back.

Shares in Macau's casino operators tumbled on Monday, after the chairman of junket operator Suncity Group was reportedly held by police amid allegations of illegal gambling and money laundering. Alvin Chau was one of 11 people held for questioning, Macau police said Sunday, after authorities in mainland China issued a warrant for his arrest, the…

Finance ・ 29 November 2021

CNBC

Macao arrests 11 people for illegal gambling and money laundering

Macao police said on Sunday they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organizes trips to Asian casinos for big spending gamblers, was questioned at a police station. The police said in a statement that people involved in the case acknowledged the…

Law ・ 05 December 2021

Aljazeera

Macau police arrest 11 for alleged illegal gambling

Arrests come a day after junket mogul Alvin Chau is questioned by police in the special administrative region. Macau police said they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organises trips to Asian casinos for big-spending gamblers, was questioned…

Law ・ 29 November 2021

Spectrum News

China issues warrant for Suncity boss over illegal gambling

BEIJING (AP) - Macao police on Saturday detained the head of Macao's biggest junket organizer and others after Chinese authorities issued an arrest warrant for them over accusations that they ran an illegal cross-border gambling syndicate. The arrests in the gambling enclave came after prosecutors in Wenzhou, in the eastern province of Zhejiang, on…

Law ・ 27 November 2021