HONG KONG, Nov 30 (Reuters): Shares of Macau gambling group Suncity Group Holdings Ltd slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign.
Alvin Chau, also the founder of Macau's biggest junket operator which brings in high rollers to play at casinos, was arrested by Macau police on Sunday and is the subject of an arrest warrant in mainland China - where all forms of gambling are illegal.
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