Macau's biggest junket operator Suncity, which operates VIP gambling rooms across Asia, has given rare insight into its balance sheet during a rebuttal of online criticism, saying it is financially robust and not the target of law enforcement.
HONG KONG - Macau’s biggest junket operator Suncity, which operates VIP gambling rooms across Asia, has given rare insight into its balance sheet during a rebuttal of online criticism, saying it is financially robust and not the target of law enforcement.
In a seven-minute video released on Sunday, Suncity founder Alvin Chau rejected social media posts that appeared in recent days alleging the firm was unable to cover customers’ financial deposits and that mainland Chinese authorities had information about its VIP customers. “We have the capability and enough capital to offset any bad debts and chip deposits of all clients. I would like to reiterate that Suncity is a very stable financial platform.”
Suncity has never received any requests from mainland or overseas authorities demanding customer information and, contrary to online speculation, there has been no leak of any data, he said.
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