HongKong listed, Macau’s Junket Operator, Suncity Group has said that they would be applying Macau’s online gambling laws to all its overseas operations.
The gambling operator had been alleged by Chinese state media – a subsidiary of State-backed news agency Xinhua – of offering and facilitating online gambling for high-rollers from mainland China at casinos based in Singapore and Philippines.
Macau Daily Times reports that Suncity Chief Executive Officer Alvin Chau has confirmed that the legal regulations of Macau will continue to serve as the standard for future operations, both in the SAR and further abroad.
He is also said to have confirmed that for any products or services lawfully permitted in other countries and regions, “Suncity will not adopt them if the laws of Macau do not allow it.”
Chau was answering the questions about the recent allegations at a press conference.
Earlier, Economic Information Daily, an affiliate of the state-run media Xinhua News Agency, published a report where it singled out Suncity and alleged that the junket operator was running a massive network of online gambling websites which were based overseas and were created to target customers from mainland China.
“The annual amount bet through online gambling in the mainland is more than one trillion yuan ($145 billion), equivalent to nearly twice the annual income of China’s lottery,” read the report.
Refuting the claims, Suncity issued a statement and confirmed that they do not operate any online gambling platform and rubbished the entire report.