Will the real owner of Macau’s Beijing Imperial Palace Hotel please stand up?

A tug-of-war over Imperial Palace‘s ownership started anew after Macau junket investor Suncity Group took over the shuttered property in the special administrative region’s Taipa area.

Suncity’s Executive Director Andrew Lo confirmed on Tuesday that the group has taken over Imperial Palace as Suncity seeks to position itself as a major contender for Macau’s license rebid scheme within the next few years, according to the Hong Kong’s Ming Pao Newspaper report.

At present, Suncity controls 50 percent of the VIP junket market share in Macau, representing about a 20 percent share of the market’s total GGR when factoring in direct VIP and mass/slots.