Operator News
Vietnam – Suncity to provide ‘technical services’ for Van Don casino opening
By Phil - 25 September 2017
Macau junket firm Suncity Group Holdings has confirmed it provide technical services to Van Don Sun Joint Stock Company, in the run up to it opening a casino resort project in Van Don District, Quang Ninh Province, in Vietnam.
The project owner Van Don Sun Joint Stock Co. has appointed Suncity Group to provide pre-opening services and technical services to the project owner in an advisory capacity and subject to and in consideration of receipt of the services fee.
SunCity said: “The project owner anticipates that the opening date of the project will be March 31, 2019 or another date which shall be prior noticed by the project owner. Entering into technical services agreement represents the first step of the group to provide consultancy, advisory and technical services for large scale resorts with gaming and entertainment facilities. The company will continue to expand its business scope in order to maximise returns for its shareholders.”
Suncity Group Holdings will charge a fee of US$500,000 for its services.
Suncity Group Holdings is already involved in one casino project in Vietnam having bought a 34 per cent share in Hoiana a casino resort destination destined for the south of Hoi An in central Vietnam, for US$76.8m.
