Macau Junket Giant Suncity Halts Operations After CEO Arrest
- Some staff told that they wouldn’t be paid starting Wednesday
- Alvin Chau faces range of charges, including money laundering
The SunCity Group logo is displayed on a limousine outside a casino in Macau, China.
Photographer: Brent Lewin/Bloomberg
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Five days after its chief executive officer was arrested, Suncity Group is closing all its VIP gaming rooms in Macau casinos and no longer paying some staff, said people familiar with the matter.
The biggest junket operator in the gambling hub will close the betting rooms from Dec. 1 and stop paying some employees from the same date, said the people, who asked not to be identified as they’re not authorized to speak publicly. Some employees were also told that their salaries for November may not be paid on time, according to the people, adding that it wasn’t clear if the closures are temporary or permanent.