Troubled junket operator Suncity Group filed with the Hong Kong Stock Exchange (HKSE) Tuesday to inform the exchange that the company had reached an agreement to sell Goal Explore Investment Limited and Boshing Investments Limited Selling Indebted Businesses for Nominal Value Suncity Group, which recently had its junket license suspended by the Philippine Amusement and […]
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
The South China Morning Post reported that Hong Kong police have conducted an arrest of a 26-year-old social media influencer who is allegedly tied to illegal gambling. Authorities carried a raid and apprehended So Mei-yan, also known by other monikers as Cry So or So Miu-Miu. The arrest occurred earlier this week on Monday and […]
The Hong Kong Jockey Club (HKJC) isn’t letting something like a pesky global pandemic get in its way of strong performances. With HK$1.86 billion ($238 million) worth of bets on the Lunar New Year race at Sha Tin, The Hong Kong Jockey Club has broken another record for turnover. HKJC Strong Out of the Gate […]
Illegal gambling has been a problem in Hong Kong society and now, it has cost the lives of two men trying to escape authorities who raided their illegal gambling den. Anti-Gambling Raid Ends up with Two Men Dying Trying to escape the law often has severe and unfortunate consequences. This is what happened on Wednesday […]
In a significant step towards opening its borders to mainland China and Macau, the Hong Kong government announced that it will open the new “Hong Kong Health Code” system for registration starting this Friday, December 10. Hong Kong Recovery Continues The new system, which aligns with the respective health code tracking systems of the three […]
Five men have been arrested for money launder when trying to cross the Hong Kong-Zhuhai-Macau Bridge. Hong Kong customs officers claim that the men participated in operations that illegally transported over $22 million in cash that is believed to have been acquired through fraud. The case was reported by the Hong Kong Government itself. A […]
An illegal casino was busted by the Hong Kong police. Located in the Selwyn Factory building in Kwun Tong, one of the city’s eighteen districts, the gambling space provided betting games for dozens of people. A police action swept the 1,600 square-foot improvised casinos and arrested 48 people in total. One of them surprisingly was a police officer from […]
Hong Kong has seized $463 million in illegal gambling wagers placed on the Euro 2020 and arrested over 800 suspects. Hong Kong Busts Major Sports Gambling Rings Euro 2020 is long over, but the ripple effects can still be felt. In places such as Hong Kong, police have been on the lookout for activity that […]
Illegal gambling rings were put on notice, as Hong Kong police announced a major breakthrough against Triad-controlled gambling. Local authorities arrested 18 people in connection with the largest illegal gambling operation in the last decade. Police disclosed that the illegal bookies had handled over $400 million in bets on horse racing and soccer over the […]
