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Tag Archives: Sun City

Russia – Summit Ascent increases shareholding in Tigre de Cristal

An off-shore Russian subsidiary of Hong Kong-listed Summit Ascent Holdings has increased its shareholding in Oriental Regent Limited (ORL), the operating force behind Tigre de Cristal in Primorye near Vladivostok, by 10 per cent to 77.5 per cent in a move that will help fund the Phase II expansion of the casino. It could still…

South Africa – Time Square helps Sun International post positive results

Despite the difficult political landscape and a challenging operating environment, Sun International’s South African operations achieved two per cent growth in income and four per cent in adjusted EBITDAR due to ‘a dedicated focus on efficiencies, cost containment and enhancing the guest experience.’ Time Square, Sibaya and Sun Slots performed well with income increasing by…

Vietnam – Sun City completes purchase of Hoiana shares

Macau junket operator Suncity Group has completed its purchase of just over a third of a share in Hoiana, the integrated resort project to open in Hoi An South in Vietnam next year. Suncity subsidiary Goal Summit now owns the entire equity 34 per cent interest previously owned by Star Admiral. It joins the project’s…

Vietnam – VinaCapital confirms US$4bn Hoina casino resort in Vietnam

VinaCapital, a real estate company in Vietnam, has confirmed it will open Hoiana, a US$4bn casino resort in Hoi An, on Vietnam’s central coast, by the first quarter of 2019. Described as an ‘integrated tourism and leisure destination, Hoiana will be built along a 4km stretch of beachfront land just 5km from the UNESCO World…