SunCity Group restructuring Philippine online gambling ops?

Leading casino junket operator SunCity Group appears to be restructuring its Philippine online gambling operations in response to the country’s regulatory changes.

SunCity celebrated its 10th anniversary last week, and CEO Alvin Chau Cheok Wa issued a statement saying SunCity’s roots began in Macau but the company was “determined” to develop its global business. The group now operates 26 VIP rooms at casinos in Macau, Seoul, Melbourne and Manila.

SunCity also has a firm footing in online gambling via its Isle of Man-licensed Xela Holdings Ltd subsidiary and its 138.com brand, which has a large customer base in Asian markets and with Chinese-speaking gamblers in western countries.

But sources have told CalvinAyre.com that SunCity was laying off a sizable portion of its Manila-based online gambling staff. The sources also claimed SunCity planned to shift some online staff to its London office while the management team would be based on the Isle of Man, leaving only a skeleton crew behind in Manila.