Inside Asian Gaming

IAG NOV 2021年11月亞博匯 68 1-10 CHAIRMAN AND NON-EXECUTIVE DIRECTOR Summit Ascent Holdings CHAIRMAN AND DIRECTOR Suncity Group Holdings CEO AND DIRECTOR Suncity Group 主席及非執行董事 凱升控股 主席及董事 太陽城集團控股有限公司 行政總裁兼董事 太陽城集團 CLAIMS TO FAME 名成事跡 POWER SCORE 權能指數: 1,572 POSITION LAST YEAR 去年排名: 6 Expanding Suncity from junket promoter to casino owner and operator via Hong Kong listed arm Top Macau native in city’s leading industry • • • • 通過在香港上市的附屬機構，太陽城從博彩中介擴展成娛樂場擁有者 及營運者 在澳門龍頭產業中首屈一指的本地人 ALVIN CHAU 周焯華 A lot has been made of the challenges facing Macau’s once dominant VIP gaming sector, and with good reason. For an industry that is built on ferrying high rollers from one destination to another, the closure of international borders for the best part of two years due to COVID-19 has proved a brutal blow, with VIP GGR falling more than 80% in key markets like Macau and the Philippines. While the pandemic will pass, of more long-term concern are recent moves by China to crack down on cross-border gambling, specifically the flowof funds from China to facilitate gambling purposes. An announcement by China’s Ministry of Culture and Tourism in August 2020 that it had established a “blacklist” of overseas tourist destinations said to be targeting mainland Chinese customers has been officially reiterated twice since, while the Ministry of Public Security, State Administration of Foreign Exchange, Cyberspace Administration of China and even the People’s Bank of China (PBOC) have issued statements this year pledging actions against cross-border gambling and those who promote it. Yet even in an industry that once accounted for well north of 80% of Macau’s gaming revenues, Suncity Group CEO Alvin Chau has long seen the writing on the wall. 7