News Snapshot:
- A + A HONG KONG (July 13): 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. Chau said the VIP club’s total fiscal reserves stood at HK$10.58 billion ($1.37...
