Macau’s casino’s “high-rolling days are over,” declared Monday’s Wall Street Journal. This morning (when shares of Suncity’s listed arm), which doesn’t include its junket operation, resumed trading in Hong Kong, they plunged 40%. On Monday (stock of Suncity Group Holdings), of which Chau is CEO, was suspended on the Hong Kong Stock Exchange; shares of Macau casino operators—including MGM China, Sands China, and Wynn Macau—tanked. On Sunday, they announced that they had arrested a 47-year-old Macau businessman surnamed Chau and 10 others on charges of money-laundering and using Macau as a base to set up a cross-border “live web betting platform” in the Philippines that lured customers from China’s mainland where gambling is strictly forbidden.
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