Tag Archives Australian

Suncity Group to close Australian junket operations

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Asian junket firm, Suncity Group, has reportedly decided to abandon the Australian casino market following allegations that its VIP operations in Melbourne and Sydney may have aided Chinese organized crime syndicates in illegally laundering money. According to a report citing an earlier story from The Age newspaper, the revelation follows the initiation of an ...

Suncity Group Holdings Limited refutes Australian investigation rumors

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Asian casino firm, Suncity Group Holdings Limited, has reportedly released an official statement to refute recent claims that it is being investigated by authorities in Australia over alleged links between its controlling shareholder and Chinese organized crime syndicates. Scrutiny stories: According to a Monday report, the Hong Kong-listed firm’s apparently name came up late ...

Australian officials initiate investigation into casino junket operators

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In Australia and law enforcement officials have reportedly launched a special investigation into whether overseas junket operators may be aiding Chinese organized crime syndicates by using the nation’s casinos to illegally launder money. Contentious claims: According to a Friday report from GGRAsia citing earlier stories from The Age and The Sydney Morning Herald newspapers, ...