• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 7 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

PAGCOR finds Suncity Group unsuitable to hold junket license over use of customer funds

Ben Blaschke by Ben Blaschke
Mon 28 Mar 2022 at 04:27
Suncity Group closes all Macau VIP Clubs following Alvin Chau arrest
76
SHARES
1.9k
VIEWS
Print Friendly, PDF & Email

Gaming regulator PAGCOR has found former Macau junket leader Suncity Group unsuitable to hold a license to operate junkets in the Philippines following an investigation into allegations the company withheld funds from customers.

In a lengthy report published last week, PAGCOR said there was “substantial evidence to support the claims against Suncity” and its former CEO Alvin Chau, and that both are therefore declared unsuitable to hold any authority or license to operate a junket business in the country. However, it adds that Suncity Group and Chau can have their authority restored if they return all front money owed to players and adopt certain procedures to ensure such front money is not mingled with capital or operational funds in future.

The report does not make reference to the arrest and detention of Chau last November, nor the fact that Suncity ceased its junket business in December.

Manila’s IR operators also confirmed to Inside Asian Gaming at the time that Suncity’s VIP rooms had already been closed throughout most of 2021 due to the COVID-19 pandemic.

PAGCOR launched its investigation into Suncity in August 2021 after two groups of complainants alleged that they had been unable to withdraw funds they had previously deposited with the company.

One group of 22 complainants stated that they had deposited a combined HK$154.5 million with Suncity “on the condition that they can use or withdraw their respective placements at any time and at any location where the Suncity Group operates.”

In total, PAGCOR said there were 29 complainants owed HK$160.8 million in front money.

Suncity claimed last year it planned to honor its obligations but said it had been unable to return money to some customers due to the “absence of the account holder, the lack of proper and acceptable authorization for representatives, noncompliance with agreed withdrawal procedures, or noncompliance with anti-money laundering safeguards” that the company had in place.

In issuing its report last week, PAGCOR said it orders Suncity to release the front money back to the complainants within one month of receipt of its decision.

RelatedPosts

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

Fri 5 Sep 2025 at 10:26
Travellers Group set to take majority equity position in development of Manila’s LETX hotel and casino to pave completion roadmap, planned to become operator upon launch 

Suntrust begins process of transferring control of Manila’s LETX project to Travellers by acquiring shares in new entity

Thu 4 Sep 2025 at 12:02
Casinos remain closed as Goa extends lockdown measures for one week

Delta Corp puts Goa integrated resort project on hold pending resolution of crippling tax claims

Thu 4 Sep 2025 at 06:06
Philippines international visitation back to 70% of pre-COVID levels

Foreign visitation to the Philippines down 2.8% from January to July on lower arrivals from South Korea and China

Thu 4 Sep 2025 at 05:19
Load More
Tags: Alvin Chauintegrated resortjunketManilaPAGCORPhilippinesSuncity Group
Share30Share5
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

MGM Resorts CFO Corey Sanders to retire after 30 years with company

MGM Resorts CFO Corey Sanders to retire after 30 years with company

by Newsdesk
Sun 7 Sep 2025 at 11:35

MGM Resorts International has announced the retirement of its long-serving Chief Financial Officer Corey Sanders after 30 years with the company. Sanders, who first joined MGM as tax director of MGM Grand in Las Vegas in 1994, will remain as...

Bhumjaithai Party and anti-casino voice Anutin Charnvirakul voted in as Thailand’s new Prime Minister

Bhumjaithai Party and anti-casino voice Anutin Charnvirakul voted in as Thailand’s new Prime Minister

by Ben Blaschke
Sun 7 Sep 2025 at 10:30

Thailand has officially unveiled its 32nd Prime Minister after the House of Representatives on Friday voted to elect Bhumjaithai Party leader and vocal casino opponent Anutin Charnvirakul to the role. Anutin’s ascension comes after the Pheu Thai Party’s Paetongtarn Shinawatra...

Vietnam’s new Van Don integrated resort project scheduled for 2032 opening

Vietnam’s new Van Don integrated resort project scheduled for 2032 opening

by Ben Blaschke
Sat 6 Sep 2025 at 09:34

A new US$2 billion integrated resort to be built by Vietnamese development giant Sun Group in Van Don, Quang Ninh Province is planned to open in 2032, the company has informed Vietnam’s central government. The update, reported by local media...

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

by Newsdesk
Fri 5 Sep 2025 at 10:26

Inside Asian Gaming is delighted to announce a total of 19 sponsors for Manila After Dark (MAD) next Monday 8 September – the official welcome event for IAG EXPO, taking place at Manila’s Newport World Resorts. Running from 8 to 10 September,...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English