SunCity to preview new Vietnam integrated resort

Macau casino junket operator the SunCity Group has announced it is to preview the Hoiana, a new Vietnamese integrated resort project in which it holds 34% an indirect equity interest, this weekend ahead of its grand opening next year.

Work on the resort began in 2016 and a number of operational facilities have now been completed, with attendees at the preview event on 28 June able to experience some of the on-site amenities.

Among the facilities that will be open is the Hoiana SunCity entertainment and gaming venue, as well as the Hoiana Shores Golf Club and the Hoiana Hotel & Suites, the first of four luxurious hotels that will be built at the resort.

“I am delighted to see that our projects continue to grow as they all undergo transformation; the metamorphosis of SunCity never stops,” SunCity chairman Chau Cheok Wa said.

The preview event comes after SunCity earlier this month announced a 23.5% decline in revenue for 2019 to RMB611.8m (£69.5m/€77.1m/$86.4m), while losses increased to RMB1.50bn due to another year of rising financial costs.

The business – which arranges the travel and accommodation of high-roller customers – made RMB572.3m in revenue through contracts with customers, down 23.5%.