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Junket Suncity on Mission to Operate Casino in the Philippines

Junket Suncity has announced that it has bought a majority stake at the Philippine planned resort. The Westside City Resorts World is currently under construction in Metro Manila. Over the years, Suncity has seen significant growth. Junket Suncity went from lending money to Chinese high-rollers and organizing trips and has now been turned into a multibillion-dollar company. Back in 2007 Suncity gave high-rollers money to gamble at a single high-stakes table at the luxurious Wynn Macau.

The company has a stake in everything including film production, property. Recently, Junket Suncity purchased a controlling stake in the $4 billion “Hoiana” integrated resort. The resort will open for business this year in Vietnam. Another purchase made by Suncity this year is the Tigre de Cristal, the first integrated resort in Russia. Find the best online casinos in New Zealand.

Junket Suncity on Mission to operate Casino in Philippines

Negative public perception

It has not always been good news for Junket Suncity, in 2019 the Chinese state media accused the company of running an online gambling operation based in the Philippines and in Cambodia. This is an alleged multibillion-dollar operation that targets customers in China where gambling is illegal.

Suncity also failed to acquire a gambling license in Macau. This was mainly due to the negative coverage from the media in China. The Junket industry is a cause for concern, especially by the Chinese. Triad societies have a major on Suncity Group Holdings Limited . Chinese media, the Hong Kong Jockey Club and Australian authorities accused the CEO of Junket Suncity, Alvin Chau of being a member of Hong Kong’s 14K triads by.

Junket Suncity expansion to Japan

Junket Suncity has recently filed with the Hong Kong stock exchange. Suncity Group Holdings Limited revealed that it is on a mission to buy 51% of the Japanese island. The company will pay $47 million for the 27-acre piece of land. This major purchase is part of the company’s vision to develop a new casino and hotel in Japan

Junket Suncity also controls 50% of the VIP gambling industry in Macau, the biggest gambling market in the world. Expanding into other parts of Asia is Suncity’s strategy to diversify its reach.

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