Board of directors distance company from allegations of corrupt practice, request Stock Exchange to resume trading in its shares.
suncity
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.
Covid-19 claims another financial victim as high-rollers’ club aims to cut costs in the face of the pandemic.
Local junket operator Suncity Group Chairman Alvin Chau Cheok Wa said on Saturday that no legal action would be taken against any media.
Mainland-based Economic Information Daily reported that local junket operator Suncity “has raked in billions of [US] dollars in online gaming and proxy betting, causing great harm to [mainland] China social economic order.”
Macau’s top junket operator Suncity said in a paid advertisement published in the Chinese-language Macao Daily News Tuesday that it didn’t operate any online gaming business and that all its operations were permitted under local government regulations.
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