Tag Archives: Suncity
Japan – Wakayama will be the first prefecture to name its chosen operator
Wakayama will be the first Japanese prefecture to name its chosen IR casino operator, confirming spring as the time when a decision will be announced. Only two groups are in the running; Suncity Group Holdings and Clairvest. The prefecture’s IR Promotion Office told IAG: “We can only answer that a decision will be made in…
Philippines – Suncity confident of a 2022 soft opening for Westside City
Asian operator Suncity has said despite disruptions caused by the coronavirus pandemic, it remains on track to debut the Westside City casino resort in Manila towards the end of 2022 with a grand opening early in 2023. “Whilst we are confident that we could stick to the grand opening schedule of Westside City Project in…
Japan – Suncity opens office to promote its Wakayama IR2.0 concept
Asian junket investor Suncity Group has now opened an office in Wakayama which it will use as a promotional base in its attempts to land one of Japan’s first integrated resorts with its Wakayama IR2.0 concept. The newly established Wakayama office will show concept videos and a scale model of the project. Suncity has said…
Vietnam – Hoiana tipped for big things with comparisons to NagaWorld
Suncity’s Vietnam integrated resort project, Hoiana, is being tipped for big things by research firm Smartkarma who believes the casino will generate annual EBITDA of US$470m, equating to 70 per cent of NagaCorp’s NagaWorld in Cambodia. It expects Hoiana to generate GGR of US$2.35bn per year based on the performance of a VIP room Suncity…
Vietnam – Casino licence granted for Hoiana until 2080
Hoi An South Development Co Ltd, the Vietnam-based joint venture of which Suncity Group holds a 34 per cent stake, has secured a casino operating license for its Vietnamese integrated resort, Hoiana, running until December 2080. Hoiana, a joint venture between Suncity, Chow Tai Fook and VinaCapital Group, is located in Hoi An South on…
Japan – Only Suncity and Clairvest lodge interest for casino in Wakayama
Only two casino companies, Asian junket investor Suncity Group and Canada-based Clairvest, have lodged proposals for the request-for-proposal (RFP) process to develop a casino on an artificial island called Marina City in the Japanese prefecture of Wakayama, located east of Osaka. Suncity has said it would spend between HK$30bn and HK$35bn (US$3.8bn to US$4.5bn) on…
Vietnam – Launch of Hoiana delayed until 2021 due to coronavirus
Suncity, Chow Tai Fook and VinaCapital Group have jointly announced that they will be delaying the launch of Hoiana located in Hoi An South in Vietnam’s Quang Nam province until 2021 due to the COVID-19 pandemic. It will though host an ‘exclusive preview’ later this year of the $1bn Phase 1 of the project, which…
Philippines – Suncity buys into Westside City Resort World in Manila’s Entertainment City
Hong Kong-based junket group Suncity will operate Westside City Resort World project, a casino project in Manila’s Entertainment City in Parañaque, that will include a 5-star hotel alongside a casino with 400 gaming tables and 1,200 slot machines. The deal has come about as Fortune Noble, a subsidiary of Suncity Group Holdings, is buying a…
Japan – Suncity sets top budget of US$4.5bn for Wakayama IR
Asian junket group Suncity Group has said it will spend between HK$30bn and HK$35bn (US$3.8bn to US$4.5bn) on an Integrated Resort in its Wakayama, in the Kansai region, on Honshū island’s Kii Peninsula. Suncity CEO Alvin Chau said the vision was for a ‘unique project combining Wakayama Prefecture’s historical tradition, natural landscape and cultural essence.’…
