Suncity Group, one of Macau’s most successful junket operators, is taking some of its profits and leading a $4 billion casino resort development project in Vietnam. Along with two investment firms,... After several delays, Hong Kong-based Suncity Group has finally completed its acquisition of a 34% stake in a Vietnam casino and resort. The listed firm is chaired by veteran junket investor Alvin Chau Cheok Wa, who also leads the privately-held Macau junket firm Suncity Group. As part of the first phase of the Hoiana gaming resort in Vietnam, two towers – hosting what is referred to by the promoters as condominium-hotel space – will provide a total of 270 units. HOME News Suncity Group Joins Major Casino Project in Vietnam March 26, 2015, 8:38 am · It was announced mere hours ago that Macau-based junket operator Suncity Group joined Hong Kong property developer Chow Tai Fook Enterprises and Vietnamese investor VinaCapital and they will work together on the construction and operation of a $4-billion casino resort on the territory of Vietnam. Privately-held Macau junket investor Suncity Group said in a Tuesday press release that Hoiana (pictured in an artist’s rendering), a Vietnam casino resort that launched last year, would see a start this year in its second phase of development, and would target “tourists from Southeast Asia”. The Suncity brand has been well known for serving high-value casino players from mainland China ... More development cash for Vietnam’s coming Hoiana casino resort. Adam Morgan. July 7, 2020. Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Vietnam. In central Vietnam and two of the firms behind the under-construction Hoiana integrated casino resort have reportedly agreed to provide the giant ... Hoiana Suncity is Vietnam’s premier beachfront integrated resort, located on four kilometers of pristine coastline near the UNESCO World Heritage Site-listed ancient town of Hoi An, Vietnam. The first casino built and owned by Suncity Group. A publicly traded affiliate of Suncity Group, Asia’s largest junket operator, has struck a deal to manage casino operations at its in-development integrated resort in Vietnam. On Monday, Suncity ... A subsidiary of Macau-based casino junket operator SunCity Group has plans to acquire a 34% stake worth $77 million in a casino project in Vietnam’s central province of Quang Nam, according to international media. Macau-based junket operator Suncity Group has reportedly announced that it is set to spend approximately $76.8 million in order to acquire a significant stake in an under-construction casino resort in Vietnam.. According to reports from Asia Gaming Brief and GGRAsia, the deal will see the Hong Kong-listed company’s Goal Summit Limited subsidiary purchase the entire issued share capital ...
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