Macao’s gaming operators also take a hit for the second day, suffering losses of up to 6.5% following Suncity CEO Alvin Chau’s arrest at the weekend.
Board of directors distance company from allegations of corrupt practice, request Stock Exchange to resume trading in its shares.
MGM down 10%, Melco and Wynn lose 8%, SJM drops 8% and Galaxy and Sands China close down 5% at end of a tough day’s trading.
Public Prosecutions Office warns those involved in leading a criminal organisation, money-laundering and illegal gambling could face up to 23 years behind bars.
After being interrogated for more than 14 hours, Alvin Chau Cheok Wa has been sent to the Coloane prison this morning.
Suncity Group Holdings and Summit Ascent Holdings issue statements announcing they are awaiting developments in case involving their chairman.
MOP 3 million in cash and computer equipment seized in city-wide swoop; suspects make partial confession but refuse to say more.
Board of directors appears to distance itself from controlling shareholder following his arrest by police in Macao.