11/30/21 Alvin Chau to step down as Suncity CEO Suncity has revealed that Alvin Chau has submitted his resignation amid concerns his arrest could affect company performance.
11/29/21 Hong Kong and China are closer to resuming quarantine-free travel Authorities in Hong Kong have revealed that a travel bubble with mainland China could be launched soon as there have been advances between the two countries.
11/29/21 India: 2 arrested over illegal cricket betting Police in Warangal, in the state of Telangana, have arrested two people on charges of organising illegal bets on the Twenty20 World Cup and the India-New Zealand Twenty20 series.
11/29/21 Suncity Group chairman arrested in Macau Authorities in Macau have confirmed that Alvin Chau and 11 others have been arrested over cross-border gambling and money laundering accusations. Macau casino stocks fell on the news.
11/29/21 Over US$710m laundered through slot machines in Australia Australian media have reported that a criminal group laundered over AU$1bn (US$710m) through poker machines in Australia’s clubs, pubs and casinos.
11/29/21 Kingston Financial revenue up 238% between April and September Kingston Financial has published its financial results for the six months ending September 30, reporting a 238 per cent growth in gaming revenue.
11/29/21 Police rescue 2 Thai citizens from gambling ring in Cambodia Officers in Cambodia have rescued two teens in another operation to free trafficked Thais from gambling rings.
11/29/21 Macau expects up to 10 million visitors in 2022 Authorities believe an easing of travel restrictions with Hong Kong and mainland China could help the city reach 10 million tourist visits in 2022.
11/26/21 Arrest warrant issued for Suncity Group’s chairman The Wenzhou City Prosecutor’s Office has issued an arrest warrant for Alvin Chau, CEO of Suncity Group Holdings, for allegations of cross-border gambling activities.
11/26/21 Sands China recognized by the Dow Jones Sustainability Index Sands China has been included in the Dow Jones Sustainability Asia Pacific Index for its work on environmental and social issues.
11/26/21 Emperor posts net loss of US$10.8m for April – September Emperor Entertainment has shared its financial results for the period from April to September 2021, revealing an improvement in gaming revenue.
11/26/21 Dreams Sports collects $840m in a funding round Mumbai-based Dream Sports is now valued at $8bn.
11/26/21 Macau: economic diversification is inevitable, authorities say Lei Wai Nong spoke at the Legislative Assembly during his 2022 policy address.
11/26/21 Genting Malaysia’s earnings to improve in Q4, analysts say Analysts at Nomura have predicted the casino operator will start to see a recovery in the last quarter of the year.
11/26/21 China investigated 30,000 cross-border gambling cases since 2020 According to local media reports, authorities in China have investigated more than 30,000 cross-border gambling cases since the start of last year.
