Tag Archives: suncity group
- SunCity to bring high rollers in Okada Manila in Q4
September 25, 2017
Asian casino junket operator SunCity Group will reportedly start shepherding some of their high-rollers to Okada Manila in the fourth quarter. Quoting a Morgan Stanley note, GGRAsia reported that SunCity is expected to start ferrying VIP gamblers to the Universal Entertainment Corp integrated resort by the last quarter of the...
- Suncity wants a slice of Japan casino market
September 5, 2017
Macau’s biggest junket operator Suncity Group hopes to spend billions of dollars on Japan's casino market as the company tries to change its image from a middleman lender to a casino operator. Bloomberg reported that Suncity Group is now actively seeking partners for its planned $10 billion integrated resort in...
- SunCity Group affiliate issues H1 profit warning
August 22, 2017
An affiliate of leading Asian casino junket operator SunCity Group has warned investors that it expects to take a significant profit hit when it reports its H1 2017 results later this month. On Monday, SunCity Group Holdings Ltd alerted the Hong Kong Stock Exchange that a preliminary assessment of its...
- 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...
Okada Manila eyes Philippine backdoor listing
May 2, 2017