SunCity Sports Holdings Inc. - CEO Alvin Chau Steps Down

 

The company's CEO Alvin Chau resigned last week amid allegations of illegal cross-border casino tourism operations. Gambling is illegal in mainland China, and authorities have launched a massive campaign to prosecute those who lure Chinese gamblers to offshore casino hubs. The company's stock has sunk to half its original value, and Chau is now facing criminal charges. A spokesman for the firm said that it would not comment on individual matters.

During Chau's arrest, trading in both SunCity and Summit Ascent shares was suspended. After the arrest, the company was able to regain trading in these shares, but this action has now halted. It is not clear when Chau will step down. In the meantime, shareholders should exercise caution when dealing in the company's stock. Until then, the company has yet to announce how much funding Chau will take. However, investors are advised to be wary of this move.

If you're looking for some serious gambling, the Sun City Casino has everything you could hope for. There are card games, bingo, and slots, and you can try your luck against a live dealer in the salon Privé. In addition to playing against the house, you can test your luck in the other gaming rooms and call on an army of servers to help you play the game of your choice. Whether you want to play golf, enjoy the casino, or simply relax on one of the many championship courses, you'll find a world of fun and entertainment in Sun City.

Chau has resigned from his positions at Suncity, and the prosecutors accuse him of proxy betting. In this kind of gambling, the gambling player uses a proxy in another country and tells the proxy to place his wagers for him. This practice is illegal in Macau and the Philippines, but is legal in the two countries. The company he used to facilitate this operation is called the Suncity Gaming Promotion Company Limited. The Sun City Group has denied any responsibility for the activities of the company.

The Suncity Group's focus on casino gaming has resulted in a mass exodus among investors. The company's shares have fallen 48 percent since Chau was arrested in Macau. The company has also borrowed money to fund other projects. In addition to the casino, the Suncity Group has also hosted various concerts, and the Miss South Africa and Miss World pageants. In fact, the resort is one of the most popular places in the world.

Among its many attractions is the Palace of the Lost City, a palace that has a "Black Panther"-like legend. The ancient royal family lived here, but was destroyed during an earthquake. It was renovated in 1992 and features a 15-foot-tall sculpture of the famous elephant Shawu. The movie was shot in Sun City, and the location was used to film the sequel to the movie. This movie was filmed in the Suncity area.