Suncity Group Holdings issues H1 profit warning but controlling shareholder Alvin Chau digs deep into his own pockets to ensure casino expansion continues.
Australian media report that two Crown Resorts subsidiaries are being probed for allegedly allowing criminals to launder money through money transfers.
Suncity Group boss Alvin Chau issues statement denying Chinese media reports that his company operates illegal online gambling targeting mainland China.
Alvin Chau, who is also the founder of Suncity, is now wearing two chairman hats, one for each of the two entities.
The company’s chairman is on the rescue and has agreed to provide a loan of about $192 million to Suncity.
In response to reports of an imminent crackdown on junket operators, Macau's gov't says it won't turn a blind eye to criminal activity.