plans to fully pay employees salaries<\/a><\/strong><\/em> using its fiscal reserves starting from June through to the 4Q 2020 or January 2021. <\/p>\n\n\n\n“It is not an easy decision for both myself and Suncity Group, and I urge you, my fellow shareholders, to continue to stand together with the group as we march towards the long-term objective of prosperity,” Suncity CEO and Director, Alvin Chau, said. <\/p>\n\n\n\n
“The group will continue its effort to minimise the loss sustained by shareholders during the pandemic as we deeply appreciate all your support, especially during these hard times. <\/p>\n\n\n\n
“Both the Central Government and the Macao SAR Government spared no effort in the fight against the pandemic, and the results are evident to all. I truly believe, after the pandemic, Suncity Group\u2019s businesses in Macau, as well as overseas, will continue to shine and prosper.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino operator Suncity Group will also pay employee salaries through to the end of the year following the Covid-19 pandemic.<\/p>\n","protected":false},"author":2,"featured_media":6782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Suncity Group is utilizing its fiscal reserves to cover shareholder losses and ensure employee salary payments through Q4 2020\/January 2021, addressing the financial impact of the COVID-19 pandemic on Macau's gaming and tourism sectors. This strategic decision aims to bolster shareholder confidence and maintain operational stability amidst challenging market conditions.","focusai_entities":"Suncity Group, Alvin Chau, Macao SAR Government","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Fiscal Reserve Impact","query":"What is the projected impact of utilizing fiscal reserves on Suncity Group's long-term capital expenditure plans and future expansion initiatives?"},{"label":"Shareholder Confidence Metrics","query":"Beyond the immediate financial support, what specific governance frameworks or investor relations strategies will Suncity Group implement to sustain shareholder confidence post-pandemic?"}],"footnotes":""},"categories":[160,157,16338],"tags":[257],"class_list":["post-6776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6776","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6776"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6776\/revisions"}],"predecessor-version":[{"id":777017669,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6776\/revisions\/777017669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6782"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}