{"id":449,"date":"2024-06-26T21:57:34","date_gmt":"2024-06-26T18:57:34","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/"},"modified":"2024-06-26T21:57:34","modified_gmt":"2024-06-26T18:57:34","slug":"suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/","title":{"rendered":"Suncity Group Halts Stock Trading Again Following Closure of High-Roller Rooms"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/GRBsNmxmg7k\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The trading of shares in &#8216;Suncity Group Holdings&#8217; has been put on hold once more. This follows the company&#8217;s declaration of the closure of its exclusive high-roller rooms. The closure came after the apprehension of the company&#8217;s former head, Alvin Chau. <\/p>\n<p>Following the Macau Public Prosecutions Office&#8217;s authorization of forceful actions against Chau, he declared his departure from both Suncity and Summit Ascent. He cited the &#8220;seriousness of the aforementioned offenses&#8221; as the reason for his resignation. <\/p>\n<p>The Macau government revealed that Chau and ten others were taken into custody on November 27th. They were accused of establishing a gambling ring that spanned borders. They were also charged with illegally facilitating Chinese citizens&#8217; participation in high-roller gambling outside of China. <\/p>\n<p>Suncity Group Holdings, a prominent operator of high-roller rooms in Macau, resumed its stock trading a day after Chau&#8217;s arrest. However, it has been halted once again. <\/p>\n<p>Both Suncity and Summit Ascent have stated that neither company has been informed of any investigation into the company or any of its subsidiaries, directors, or employees. <\/p>\n<p>After the announcement, the trading of shares for Suncity and its subsidiary Summit Ascent (which manages the Tiger Crystal Resort in Vladivostok, Russia) was halted. This was done pending further announcements. <\/p>\n<p>However, Suncity announced today (December 1st) that its stock trading on the Hong Kong Stock Exchange has been suspended again. They cited &#8220;an announcement regarding news reports on the Macau VIP business that is pending release.&#8221; <\/p>\n<p>The Macau administration declared today that the Gaming Inspection and Coordination Bureau (DICJ) has been notified that Suncity Group will discontinue its high-roller room operations starting today (December 1). These operations are situated in VIP rooms at all six of Macau&#8217;s gambling concessionaires. The DICJ further stated that they cannot provide any remarks on the current situation. <\/p>\n<p>Subscribe to the iGaming news newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading of shares in &#8216;Suncity Group Holdings&#8217; has been put on hold once more. This follows the company&#8217;s declaration of the closure of its exclusive high-roller rooms. The closure came after the apprehension of the company&#8217;s former head, Alvin Chau. Following the Macau Public Prosecutions Office&#8217;s authorization of forceful actions against Chau, he declared [&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 Halts Trading Amidst High-Roller Room Closure<\/title>\n<meta name=\"description\" content=\"Suncity Group Holdings suspends trading after closing its exclusive high-roller rooms, following the arrest of former CEO Alvin Chau.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Suncity Group Halts Stock Trading Again Following Closure of High-Roller Rooms\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Suncity Group Holdings suspends trading after closing its exclusive high-roller rooms, following the arrest of former CEO Alvin Chau.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T18:57:34+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/\",\"name\":\"Suncity Group Halts Trading Amidst High-Roller Room Closure\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-26T18:57:34+00:00\",\"dateModified\":\"2024-06-26T18:57:34+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Suncity Group Holdings suspends trading after closing its exclusive high-roller rooms, following the arrest of former CEO Alvin Chau.\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/26\/suncity-group-halts-stock-trading-again-following-closure-of-high-roller-rooms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2webnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suncity Group Halts Stock Trading Again Following Closure of High-Roller Rooms\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/\",\"name\":\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\",\"description\":\"Our licensed online casino is your go-to source for the latest industry news, game reviews, and expert insights. 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