CASINO

Suncity confirms Vietnam’s Hoiana resort on track for early 2020 launch

TAGs: hoiana, suncity group, Vietnam

Another casino will soon dot the landscape in Vietnam. Suncity Group Holdings has released a statement indicating that construction of the Hoiana integrated resort (IR) is moving forward nicely and added that everything is on schedule for the venue to open its doors sometime during the first quarter of next year. The company’s Assistant VP of Marketing Communications, James Wong, was optimistic in talking to Inside Asian Gaming (IAG), stating that the final preparations for the completion of the first phase are moving along quickly.

suncity-confirms-vietnams-hoiana-resort-on-track-for-early-2020-launchHoiana is being built through an agreement between Suncity, VinaCapital Group out of Vietnam and VMS Investment Group. Suncity has been, for a long time, primarily a casino junket operator, but has been transitioning into direct casino operations, and the project is one of the primary examples of that transformation.

Wong told IAG that, even before the completion of the first phase of the IR, it’s Hoiana Shores golf course will be open. It is expected to see customers tee off before the end of the year as a three-month soft launch that began in September comes to an end. As far as the rest of phase one, he said, “We are looking at the first quarter, most likely late February or March.” Additional phases and completion of the entire venue will take several more years.

Suncity has been working toward making an entrance into gaming operations for more than a couple of years. Wong explained to IAG, “We have been getting experience for the last 12 or 13 years in providing high level service, so we’ve got the skill, we’ve got the database, we’ve got all the software, which makes us ready to be an operator. Now we are testing the hardware. Obviously one of the main reasons is that when we have our own hardware, we have better control to entertain our guests and provide a more unique experience. Under the leadership of Mr. Alvin Chau, this is the strategy of Suncity Group.”

Hoiana isn’t the only casino operation the company is currently moving forward. It is also involved in the Tigre de Cristal IR in Russia, thanks to the purchase of shares in the venue’s owner and operator, Summit Ascent Holdings. Initially, Suncity purchased a 29.68% stake, but that amount was reduced to 24.74% when Summit issued new shares to investors.

Suncity also has another casino venue coming, this one in the Philippines. It just acquired a Philippines-listed company, Suntrust Home Developers, and signed an agreement with Travellers International Hotel Group that paves the way for the company to develop and operate a hotel and casino at Travellers’ Westside City Resorts World in Manila. That property is expected to open in 2022.

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