Junket investor Suncity Group – said by investment analysts to be one of the largest organisers of VIP gambling in Macau – wants to continue its international business expansion, said group chief executive Alvin Chau Cheok Wa.
“Since Suncity Group’s establishment in 2007, its roots have been in Macau,” Mr Chau was quoted as saying in a company press release.
He added: “Thanks to the tremendous support from different sectors, the group has been able to grow and flourish. In the future, Suncity Group is determined to develop its global travel and entertainment business.”
The comments by Mr Chau (pictured) were said to have been made during the firm’s 10th anniversary celebrations, which took place on Wednesday in Macau.
Privately-held Suncity Group opened its first VIP room in Macau in March 2007, according to its press release. The document added that the junket firm now operates 26 VIP rooms, some outside Macau, namely in the Philippine capital Manila, in Seoul in South Korea, and in Melbourne, Australia.
Suncity Group is also involved in the development of a casino resort in Vietnam’s Quang Nam province. The casino property is being promoted by Hoi An South Development Co Ltd, a joint venture between Suncity Group; Vietnam-based asset management firm VinaCapital Group; and Gold Yield Enterprises Ltd, a subsidiary of Hong Kong-based Chow Tai Fook Enterprises Ltd.
Suncity Group’s business presence also extends to London in the United Kingdom, the U.S. gaming hub of Las Vegas, and Auckland in New Zealand, the company said in its press release.
Last year, the group opened VIP rooms in Macau’s two newest Cotai casino resorts – Wynn Palace and the Parisian Macao – as well as Studio City.
Suncity Group also has investments in non-gaming, including in finance, real estate development, film production, concert and event planning, media, education, tourism, catering and luxury goods. Last year, the group established Sun Travel, focusing on high-end global travel and entertainment services.
Suncity Group has been the title sponsor of the Macau Grand Prix for the past three years.
Mar 24, 2017Asian casino operator and developer Silver Heritage Group Ltd has increased by one-third the budget on its under-construction Nepal gaming resort near that country’s border with India. It has also...
Mar 24, 2017
Mar 24, 2017
Nov 23, 2016Hong Kong-listed casino equipment supplier Paradise...
Oct 27, 2016As Studio City – the US$3.2-billion, 2015 addition to...
May 26, 2016Macau’s pacapio Chinese lottery game will celebrate its...
May 18, 2016Russia-based Diamond Fortune Holdings Ltd says it has big...
Dec 31, 2015The year 2016 could see the coming of age of “destination...
Revised budget for Silver Heritage's Tiger Palace Resort Bhairahawa casino project in Nepal