{"id":273,"date":"2024-06-28T06:43:01","date_gmt":"2024-06-28T03:43:01","guid":{"rendered":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/28\/suncity-group-stock-halted-again-following-closure-of-exclusive-gaming-areas\/"},"modified":"2024-06-28T06:43:01","modified_gmt":"2024-06-28T03:43:01","slug":"suncity-group-stock-halted-again-following-closure-of-exclusive-gaming-areas","status":"publish","type":"post","link":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/28\/suncity-group-stock-halted-again-following-closure-of-exclusive-gaming-areas\/","title":{"rendered":"Suncity Group Stock Halted Again Following Closure of Exclusive Gaming Areas"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/OKvv4OmGWuE\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The trading of &#8216;Suncity Group Holdings&#8217; stock has been halted once more, following the company&#8217;s declaration of the closure of its exclusive gaming areas after the apprehension of its previous chairman, Alvin Chau.<\/p>\n<p>Suncity Group Holdings, a prominent operator of exclusive gaming areas in Macau, had recommenced trading just a day after Chau&#8217;s arrest, but has now been suspended again.<\/p>\n<p>The Macau authorities declared the arrest of Chau and ten of his associates on November 27, accusing them of establishing a cross-border gambling organization and illicitly facilitating Chinese citizens to participate in exclusive gaming areas abroad.<\/p>\n<p>Subsequent to the news, trading in both Suncity and its subsidiary Summit Ascent, which manages the Tigre de Cristal resort in Vladivostok, Russia, was suspended.<\/p>\n<p>After the Macau Public Prosecutor&#8217;s Office authorized the detention of Chau, he declared that he would step down from his positions at Suncity and Summit Ascent.<\/p>\n<p>Both Suncity and Summit Ascent have asserted that neither company has been informed of any inquiry into the company or any of its subsidiaries, directors, or employees.<\/p>\n<p>However, Suncity announced today (December 1) that its shares on the Hong Kong Stock Exchange would be suspended again, citing &#8220;an announcement regarding news reports on the Macau exclusive gaming business.&#8221; <\/p>\n<p>Authorities in Macau have declared that Suncity Group will be closing its high-roller gambling areas beginning this morning, December 1st. This decision affects all six of Macau&#8217;s gaming licensees. The Gaming Inspection and Coordination Bureau (DICJ) has verified this information but has refrained from providing any statements regarding the current situation. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading of &#8216;Suncity Group Holdings&#8217; stock has been halted once more, following the company&#8217;s declaration of the closure of its exclusive gaming areas after the apprehension of its previous&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Suncity Group Stock Halted Again After Chairman<\/title>\n<meta name=\"description\" content=\"Suncity Group Holdings, a Macau gaming operator, has suspended trading after its chairman, Alvin Chau, was arrested. 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