Workers who once earned MOP 20,000 monthly now scraping by, suffering from depression and contemplating selling off their assets.
suncity
Associate Billy Choi released but may not leave Macao; police point to strong evidence linking pair to organised crime, illegal gambling and money laundering.
Woman surnamed Ho refused to cooperate with police; junket group founder Alvin Chau Cheok-wa remains in Coloane prison awaiting trial.
Gaming operator looks to mass market for the future, with rival operation expected to follow suit.
Workers hired by subsidiaries worried they may not be eligible for unemployment subsidy; fears for more gaming industry layoffs in future.
Finance chief Lei Wai Nong urges defunct junket operator to respect staffers’ rights, undertakes to work to boost the economy with more infrastructure projects.
News of termination no real surprise following arrest of Alvin Chau; company’s Hong Kong-listed arm facing ‘possible loan default’.
Stock plunged to HK$0.13 yesterday; further announcement from board of directors expected soon. Salaries halted for one-third of company’s staff.
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.
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