Suncity Group (太陽城集團) yesterday closed all VIP gaming rooms in Macau casinos, days after its boss, Alvin Chau (周焯華), was detained for allegedly running an illegal cross-border gambling syndicate, local media reports said.
Chau was arrested over the weekend and remanded into custody accused of leading a criminal group, money laundering and illegal gambling, charges that can carry between three and 12 years in jail.
The group told Macau public broadcaster TDM on Tuesday that Suncity’s VIP salons at Galaxy Macau and StarWorld Hotel, two properties of Macau casino operator Galaxy Entertainment Group (銀河娛樂集團) would close yesterday.
<strong>ADJUSTMENTS</strong>
The group Macau’s largest junket
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The Macau government is opening up its deep pockets to provide residents with stimulus money and vouchers in an effort to jump-start the enclave’s economic recovery.
Macau’s poor neighborhoods are seen outside the glitzy casino resorts located downtown. The area government is providing residents with stimulus money to encourage domestic spending. (Image:
Reuters)
The third stimulus round announced by the Chinese Special Administrative Region (SAR) is its largest. Macau officials confirmed this week that permanent residents will receive a one-time cash disbursement of MOP$10,000 (US$1,250). Non-permanent residents will receive MOP$6,000 (US$750).
The relief doesn’t end there. Macau will also be issuing electronic vouchers to all residents. Each adult, as well as university students, will initially receive MOP$600 (US$75). The vouchers can be used anywhere on the peninsula.
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