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 pristine beaches in Vietnam’s Quang Nam province.
Whilst the opening has been delayed until 2021 due to the COVID-19 pandemic, SunCity will host an ‘exclusive preview’ later this year of the $1bn Phase 1 of the project, which would include a casino with 140 gaming tables and 1,000 slot machine, restaurants, an 18-hole golf course and more than 1,000 hotel rooms.
Alvin Chau, CEO of Suncity Group, said: “I am thrilled to be granted a Casino Operating License in Hoiana. We are now ready. The Casino Operating License will visualize my re-imagination of Suncity. Hoiana is now finally allowed to open its doors to offer guests an authentic Vietnamese experience embellished with sun, sea and sand. This is a very exciting time to witness my vision for Suncity to sprout from ground zero into a truly integrated resort company – a true metamorphosis for Suncity. Stay tuned for Hoiana’s exclusive preview in the summer and the Grand Opening in 2021.”