HONG KONG—On line casino shares fell and share buying and selling of junket operator Suncity Group Holdings Ltd. was suspended Monday morning after its chairman was held by police over allegations of unlawful playing and cash laundering.
Alvin Chau, chairman and a controlling shareholder of Macau’s largest junket operator, was amongst 11 individuals held for questioning in Macau on Saturday after mainland police issued a warrant for his arrest final week. Mr. Chau and others organized a cross-border playing syndicate with operations in mainland China, the Philippines and elsewhere, police within the japanese metropolis of Wenzhou stated.
