{"id":24997,"date":"2021-11-30T07:55:49","date_gmt":"2021-11-30T10:55:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24997"},"modified":"2026-04-23T13:24:13","modified_gmt":"2026-04-23T16:24:13","slug":"alvin-chau-to-step-down-as-suncity-ceo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/alvin-chau-to-step-down-as-suncity-ceo","title":{"rendered":"Alvin Chau to step down as Suncity CEO"},"content":{"rendered":"\n

Suncity has revealed that Alvin Chau has submitted his resignation amid concerns his arrest could affect company performance.<\/p>\n\n\n\n\n\n\n\n

Macau.- Alvin Chau Cheok Wa<\/a>\u00a0intends to resign as CEO of Suncity Group Holdings following his arrest in Macau on Chinese accusations of cross-border gambling and money laundering.\u00a0Suncity said the CEO’s arrest may affect the income of its tourism-related business but should not have a significant impact on the group and its ability to do normal business.<\/p>\n\n\n\n

The company stressed that, as far as it knows, no other group units or employees are being investigated for illegal gambling and money laundering activities. The operator of\u00a0Tigre de Cristal<\/a> <\/strong>resort in Vladivostok said that none of its employees has been investigated or accused of anything and that the accusations against Tigre de Cristal’s involvement in cross-border gambling were false.<\/p>\n\n\n\n

The company said in a statement: “In the event that the group loses the support of Mr Chau for whatever reason,\u00a0the financial position, business and operation of the group will be adversely affected<\/strong>.”<\/p>\n\n\n\n

In the six months to the end of June,\u00a072.5 per cent of Suncity\u2019s revenue came from the Tigre de Cristal resort in Vladivostok<\/strong>, 18.1 per cent came from tourism-related businesses, and 8.5 per cent came from the operation of Chinese shopping malls.\u00a0It received 0.9 per cent from management consulting services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suncity has revealed that Alvin Chau has submitted his resignation amid concerns his arrest could affect company performance.<\/p>\n","protected":false},"author":176,"featured_media":25032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Alvin Chau, CEO of Suncity Group Holdings, has resigned following his arrest in Macau on charges of cross-border gambling and money laundering. Suncity acknowledges potential adverse effects on its financial position and operations due to the loss of Mr. Chau's support, particularly impacting its tourism-related businesses, though it asserts no other group units are under investigation.","focusai_entities":"Alvin Chau Cheok Wa, Suncity Group Holdings, Suncity, Tigre de Cristal","focusai_location":"Macau, Vladivostok, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.9), operator_casino (0.85), payments_fraud_aml (0.8), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Suncity Governance Impact","query":"What specific changes to Suncity Group Holdings' corporate governance framework and internal controls are anticipated to mitigate future executive-level compliance risks?"},{"label":"Regulatory Scrutiny Expansion","query":"How might Macau and other relevant jurisdictions intensify regulatory scrutiny on cross-border gambling and VIP junket operations following this high-profile arrest?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23702],"class_list":["post-24997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-suncity-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24997"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24997\/revisions"}],"predecessor-version":[{"id":25008,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24997\/revisions\/25008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25032"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}