SunCity Group Holdings, a Hong Kong-listed company controlled by detained casino junket boss Alvin Chow Chow, said it had "suspended operations in its travel and related business units for the time being." 카지노 The company also said Mr Chow had submitted his "resignation as chairman and executive director of the board from December 1, 2021."

The company made the announcement on Wednesday evening after trading in the stock was suspended throughout the day at the request of the company. The stock resumed trading on Thursday (2 December) at 9:00 a.m.

After being detained in Macau on Saturday, Mr. Chow is currently in Macau\'s prison cell on charges of joining a criminal group, organizing illegal gambling against Chinese customers and money laundering. On Friday, authorities in the mainland city of Wenzhou separately granted an arrest warrant for him for allegedly encouraging "cross-border gambling" on Chinese consumers.

SunCity Group Holdings said in a statement on Wednesday that it had been informed by SunCity Gaming Promotion Inc., identified as a key supplier of hotel accommodation products, that it would not be able to supply hotel accommodation products to listed companies "in the near term."

"In light of this, we have suspended operations in our travel and related business units for the time being in light of the fast-paced outbreak of the COVID-19 variant (Omicron)," Sun City Group Holdings said.

In the six months to June 30, 2021, revenue from hotel accommodation merchandise sales accounted for about 17.4% of the group\'s total operating revenue, according to the Hong Kong-listed company.

Sun City Gaming Promotion, a licensed junket operator in Macau, has completely suspended its VIP gaming business in Macau on the 19th (local time). It was not clear how many Sun City VIP rooms in Macau had ceased operations on that day, or whether they would also suspend operations in other markets in the Asia-Pacific region

Suncity Group Holdings has an interest in several casino initiatives in the Asia-Pacific region but does not include the junket business. The Hong Kong-listed company warned earlier this week that the loss of Chow\'s financial support "for any reason" would have a "negative impact" on its "financial status, business and operations".

A separate Hong Kong-listed company, Summit Ascension Holdings Inc., said in its own filing on Wednesday that Mr Chow had "resigned as chairman of the board and as a non-executive director from December 1, 2021."

Summit Ascent, managed by Suncity Group Holdings, is a major investor in the hotel and gaming business known as Tigre de Cristal in the Russian Federal Maritime Province.