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Suncity Group held Press Conference to explain that the laws and regulations of the Macao SAR serve as the standard for future overseas business
【For immediate release】
In regards to the recent media reports about Suncity Group, a press conference was held on 13th July, and Chief Executive Officer and Director of Suncity Group, Mr Alvin Chau, made further explanation.
He said, Sun City Gaming Promotion Company Limited operates junket promoting business legally. The Company and other related companies around the world are officially licensed. The Company has not operated the so-called online gaming platform, which is promoting gaming and conducting monetary settlement in Mainland China without physical gambling chips. Company profit has not exceeded the revenue of China Lottery, and absolutely has not disturbed the national financial order. All turnover data and income of the Company are officially announced by authority every month.
He also said during the press conference that, the Company has always complied with the laws and regulations of the Macao SAR, and this will continue to serve as the standard for future operation of the Group's products and services. For any products that are legally allowed to operate in other countries and regions, the Company will not adopt them if the laws of Macao do not allow it and will strictly adhere to the law of Macao.
He reiterated that, the Company and other related companies have not engaged in any business that violates the laws of the People's Republic of China and the Macao SAR. No legal actions against any media will be taken for this incident. He also appreciated the media for supervising the Company.
Suncity Group is deeply sorry for the all the inconvenience caused to the Macao Government and the possible negative impact on Macau gaming concessionaires. We hope the concerns generated in both Mainland China and the Macao SAR will be eased.