The listed arm of Asian junket operator Suncity Group has distanced itself from weekend media reports claiming the company’s CEO Alvin Chau is banned from entering Australia, insisting he is not subject to any current Australian investigation.
In a short statement issued Monday, Suncity Group said it “would like to clarify that Mr Chau has no intention to go to Australia for the forthcoming 12 months and he is not aware of the said investigation of such Australian casinos” as Crown Resorts. Crown’s business activities have come under heavy scrutiny over the past nine days after three Australian media outlets published allegations linking it to Asian crime syndicates and the favorable treatment of high rollers by immigration officials.
In particular, the outlets have focused their energy on Crown’s use of junkets to tap the Asian VIP market and particularly Suncity, with Fairfax media alleging Chau had been banned from entering Australia by the nation’s Home Affairs department.
In its response, Suncity stressed that the listed company, which does not include junket activities, has no business operations in Australia and warned it “reserves all rights against parties who disseminate incorrect, malicious or frivolous information concerning the Listco Group and/or its Directors.”
While the Australian media outlets concerned have tried to paint Crown Resorts’ use of junkets as a sinister or devious strategy to lure Asian high rollers, IAG has repeatedly pointed out that this is in fact completely standard behavior for the vast majority of international casino-resorts worldwide.