Vietnam is soon to be home to yet another casino if things go s schedules in 2020. Suncity Group Holdings, in their statement, said that the construction of the Hoiana Integrated Casino is going on as expected, and it will be launched on schedule as planned.
James Wong, assistant VP of Marketing Communications, stated that the company is optimistic they will meet their objectives and that the final preparations for the completion of phase one is going on smoothly.
As states in calvinayre, Hoiana is being developed through a collaboration between VinaCapital Group, Suncity as well as VMS Investment Group. For a while now, Suncity has been a Junket operator, but the firm has been in transition to become a direct casino operator, and this project is part of the transformation.
Wong also stated that even before phase one is complete, they expect to have the Hoiana golf resort up and running. They hope to have customers teeing off before the close of this year in what the firm calls a three-month soft launch that started in September of 2019.
Concerning the rest of phase one, he stated that the firm is assessing its first quarter, most likely late March. Further construction and completion of the rest of the casino is expected to take a few more years.
The firm has been focused on making an entrance into the gaming market for several years. According to Wong, the firm has been working to gain experience for the last 13 years in offering high-quality service, so he believes the company has amassed the relevant skills.
Besides, he stated that the firm has the necessary database as well as softwares to see them launch smoothly.
Having its hardware will ensure that the new casino is equipped to entertain its guests and offer a unique customer experience. Under Mr. Alvin Chau, this is the route the firm is going to take.
Nevertheless, Hoiana is not the only project the firm is looking to put out there. The company is also involved in the development of Tigre de Cristal IR based in Russia after they purchased shares from the owner of the venue, one Summit Ascent Holdings. At the start, the firm bought 29.68 percent, but later lowered the number down to 24.74 percent when the original owner issued new shares.
Suncity is also overseeing another project in the Philippines. Recently, the firm acquired Suntrust Home Developers, a company listed in the Philippines, and it has penned a deal with Travellers International Hotel Group, which paves the way for Suncity to develop and run a casino and hotel in Manila’s Traveller’s Westside City Resort World. This property is expected to begin operation later on in 2022.
It sounds like Suncity has a lot going for it in terms of investments. There is a lot at stake here, so the company cannot afford to make mistakes in the investment decisions it is making now and in the future.