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Macau casino shares fall after 'illegal gambling'
11/30/21 at 08:20:29
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Macau casino shares fall after 'illegal gambling' arrests





Shares in Macau casino operators have slumped after police arrested 11 people over alleged money-laundering and illegal cross-border gambling.

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It comes as authorities had earlier said they were questioning Alvin Chau, a prominent gambling industry figure.

A Chinese state media outlet said Mr Chau was accused of heading a cross-border gambling syndicate.

Casino gambling is illegal in mainland China but legal in Macau, the world's biggest gambling hub.

It is not clear if Mr Chau was among those arrested, but separately, Hong Kong newspaper the South China Morning Post quoted police as identifying a Macau businessman with the surname Chau.

Mr Chau is the chairman of Suncity Group Holdings. He is also the founder of Suncity - Macau's biggest "junket operator", which organises trips to Asian casinos for wealthy gamblers.

Shares in Suncity Group were suspended from trading on the Hong Kong Stock Exchange on Monday. The company did not immediately respond to a request for comment from the BBC.

Some of the city's biggest operators were also affected, with MGM China down 10%, Wynn Macau losing 8% and Sands China more than 6% lower.

The Global Times named Mr Chau as the head of a cross-border gambling criminal syndicate, with more than 12,000 gaming agents and 80,000 members across China.

Mr Chau is also a controlling shareholder of Hong Kong-listed Sun Entertainment Group, a film production and cremation services firm, which said in a stock exchange filing on Sunday that its board had noted news coverage about the investigations in Wenzhou and Macau.
  
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Re: Macau casino shares fall after 'illegal gambling'
Reply #1 - 12/05/21 at 16:09:38
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Do you think it is worth getting a visa to fly to another country and play in a casino? I would love to know your opinion on this matter! By the way, thanks for the story about the cool casino!
  
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Re: Macau casino shares fall after 'illegal gambling'
Reply #2 - 12/05/21 at 17:18:48
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I also wondered for a long time whether it was worth getting a visa. And after I found this site. Where can i use a visa gift card online https://marylandreporter.com/2021/11/11/where-can-you-use-visa-gift-cards/ I decided for myself that I needed to get a visa. Since I really want to visit other countries and gamble in a casino. I would like to somehow diversify my life. So I'm sure this is a really great option especially for casino lovers.
  
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