• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Vietnam’s Hoi An has three hotels in phase one: Suncity

May 04, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Vietnam’s Hoi An has three hotels in phase one: Suncity

The first phase of a recently announced casino resort in Vietnam involving Macau junket investor Suncity Group will include three hotels, the firm said in a press release sent to GGRAsia.

“The Phase 1 integrated resort is due for completion in the first quarter of 2019, and will include approximately 1,000 lodging rooms [in] three hotels, residential villas and apartments, along with a championship golf course, food and beverage offerings, retail areas and a variety of further leisure and entertainment facilities,” the Suncity press release stated.

The release did not provide details on the gaming component of the scheme.

Hoi An South Integrated Resort (pictured in an artist’s rendering) will be located in Vietnam’s Quang Nam Province.

The firm added that, once completed, the project’s first phase would create “in excess of 2,000 new jobs”.

The casino resort is being developed by Hoi An South Development Co Ltd, a joint venture between Suncity, Vietnam-based asset management firm VinaCapital Group and Gold Yield Enterprises Ltd, a subsidiary of Hong Kong-based Chow Tai Fook Enterprises Ltd.

The project covers an area of 985 hectares, according to Suncity’s press release. The development “will occur in seven phases and total investment is estimated at circa US$4 billion on completion,” the release stated.

The casino resort is to be fully completed only by 2035, the firm said.

A ceremony to mark the start of construction for the Hoi An South Integrated Resort took place on April 25. According to Suncity’s press release, the event was attended by Vietnam’s Prime Minister Nguyen Xuan Phuc and other high-ranking Vietnamese officials.

Suncity is Macau’s largest VIP gaming consolidator measured by rolling chip volume, according to a number of investment analysts. The privately held firm operates VIP rooms in several casinos in Macau, as well as VIP clubs in casinos in the Philippines, South Korea and Australia, according to a corporate website.

“In the near future, Suncity Group will launch a variety of brand-new travel products and offerings, and aim[s] to further develop [its] business scope internationally in the field of leisure and tourism,” the firm’s release added.

According to brokerage Union Gaming Securities Asia Ltd, Vietnam’s foreigner-only rule regarding casino gaming is a less than optimal environment for a multibillion U.S. dollar casino investment. But the Hoi An South Integrated Resort “has a chance”, the financial institution said in a note last month.

“We don’t love the foreigners-only concept in Vietnam, although with the right set of circumstances we think the Hoi An project has potential based on the phase one cost,” Union Gaming analyst Grant Govertsen wrote at the time.

The cost of the first phase of the scheme is estimated at US$500 million, according to local media reports.


  • tweet
Related articles
  • U.N. warns about link between Mekong casinos and crime
    U.N. warns about link between Mekong...

    Sep 28, 2023  

  • ASEAN, China agree to jointly fight gambling-related crime
    ASEAN, China agree to jointly fight...

    Sep 27, 2023  

More news
  • Galaxy Ent to build ice rink, bookshop at Macau old shipyards
    Galaxy Ent to build ice rink, bookshop...

    Sep 28, 2023  

  • Osaka, MGM-Orix sign implementation deal for IR
    Osaka, MGM-Orix sign implementation...

    Sep 28, 2023  


Latest News

Galaxy Ent to build ice rink, bookshop at Macau old shipyards

Galaxy Ent to build ice rink, bookshop at Macau old shipyards

Sep 28, 2023  

Macau casino operator Galaxy Entertainment Group Ltd is to help the government “revitalise” the Lai Chi Vun Shipyards in Coloane. The revamp project will be done in two phases,...
Read More
Osaka, MGM-Orix sign implementation deal for IR

Osaka, MGM-Orix sign implementation deal for IR

Sep 28, 2023  

Pragmatic Play casts the line with Big Bass Crash title

Pragmatic Play casts the line with Big Bass Crash title

Sep 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.0 billion

Minimum amount Hong Kong-listed International Entertainment will invest to develop an integrated resort in the Philippines capital, Manila



Most Popular

  • Resorts World Sentosa fined again for AML rule breachesResorts World Sentosa fined again for AML rule breaches September 27, 2023
  • International Ent to invest at least US$1bln in Manila IRInternational Ent to invest at least US$1bln in Manila IR September 28, 2023
  • Events a boon, Citi ups Macau 4Q GGR forecast to US$6.5blnEvents a boon, Citi ups Macau 4Q GGR forecast to US$6.5bln September 27, 2023
  • Any Macau clamp on money changing may hurt GGR: punditsAny Macau clamp on money changing may hurt GGR: pundits September 25, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us