Tag Archives: suncity group
- SunCity Group forks out $77M for stake in Vietnam casino
July 31, 2017
A subsidiary of casino junket operator SunCity Group is set to acquire a 34 percent stake in a casino project in the Quang Nam province of Vietnam. In a filing to the Hong Kong Stock Exchange, the company said its wholly-owned subsidiary, Goal Summit Ltd., will buy the entire equity...
- Sell everything and check back in September
July 18, 2017
Traders who have played the markets for a very long time tend to believe that news does not move markets long term. Though I have not played this game for very long, I do believe that news is mostly irrelevant. News may wiggle markets, but unless it is some sort...
- SunCity draws PAGCOR’s ire over Sofitel casino takeover: report
June 12, 2017
Casino junket operator SunCity Group is in hot water with the Philippine Amusement and Gaming Corporation (PAGCOR) for reportedly trying “to pull a fast one” on the regulator. According to a Philippine Daily Inquirer report, the Macau casino junket operator appeared to have taken over the operations of a small...
- Suncity junket exec attacked by knife-wielding men in Hong Kong
May 16, 2017
A top exec for leading Macau casino junket operator Suncity Group narrowly escaped danger over the weekend after two knife-wielding assailants targeted the exec on the streets of Hong Kong. On Tuesday, the South China Morning Post reported that Suncity’s chief investment officer Andrew Lo Kai-bong was attacked by the...
- SunCity Group restructuring Philippine online gambling ops?
February 27, 2017
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...
- VinaCapital sets 2019 date for Vietnam casino opening
December 9, 2016
Vietnam’s next major integrated resort casino finally has a name and a launch date. This week saw Vietnamese real estate investment and development firm VinaCapital Group proudly announce that its $4b “integrated tourism and leisure destination” would operate under the name Hoiana. VinaCapital says the property’s first phase will open...
One month to opening, Baha Mar waiting on casino license
March 22, 2017
Sun Group the only approved casino in Vietnam’s Quang Ninh
April 21, 2017