Macau’s Junket operator Suncity has been making headlines in the Asian gaming industry since Economic Information Daily, a subsidiary of China’s state-run media company Xinhua News singled the operator 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.
CEO of Macau junket Suncity Group, Alvin Chau, recently addressed a press conference at Mandarin Oriental Macau over the weekend and is quoted by Inside Asia Gaming to have said: Suncity Group is deeply sorry for any inconvenience caused to the Macau Government and the possible negative impact on Macau gaming concessionaires. We hope the concerns generated in both Mainland China and the Macau SAR (special administrative region) will be eased.”
“For any products that are legally allowed to operate in other countries and regions, the company will not adopt them if the laws of Macau do not allow it and will strictly adhere to the law of Macau,” he added.
In its first response to the allegations made by the Chinese media, the junket rubbished the claims. Suncity issued a statement and confirmed that they do not operate any online gambling platform that they are complying with all local regulations.
Following the episode, Suncity Chief Executive Officer Alvin Chau also announced that the legal regulations of Macau will continue to serve as the standard for future operations, both in the SAR and further abroad.