Inside Asian Gaming

IAG JAPAN NOV 2021 62 1-10 CHAIRMAN AND NON-EXECUTIVE DIRECTOR Summit Ascent Holdings CHAIRMAN AND DIRECTOR Suncity Group Holdings CEO AND DIRECTOR Suncity Group 非業務執行取締役会長 サミット・アセント・ホールディングス 取締業務役会長 サンシティグループホールディングス 取締役兼CEO サンシティグループ CLAIMS TO FAME 評価理由 POWER SCORE パワースコア : 1,572 POSITION LAST YEAR 昨年の順位 : 6 Expanding Suncity from junket promoter to casino owner and operator via Hong Kong listed arm Top Macau native in city’s leading industry • • • • 香港に上場する子会社を通じてサンシティをジャンケットプロモーターか らカジノオーナー兼事業者へと成長させた マカオの主要産業でトップの地元出身者 ALVIN CHAU アルヴィン・チャウ（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