Chau considers moving junket business

    SunCity Group chief executive Alvin Chau Cheok Wa says it is possible that the company may inject its junket business into the Sun Century Group Ltd, Apple Daily reports.

    Last year, Sun Century announced its intentions to diversify its business into tourism in markets such as Macau, Vietnam and South Korea.

    It acquired Suncity Group Tourism Ltd with the intention to enter the tourism-related service business in Macau.

    “The Group also plans to integrate its existing hotels and integrated resort management and consultancy service business with its new tourism-related service business, and provide consultancy, advisory, technical services for hotels or integrated resorts in places with rapid growth in the tourism industry,” said the company in a previous filing.