The company was granted a Casino Operating License?last week, paving the way for phase 1 development of the property

Suncity?Group Holdings Ltd,?managed?by the boss of Macau junket group?Suncity, on Friday announced that Hoi?An?South Development Co Ltd (HASD), the Vietnam-based joint venture, had received its?‘casino operating?license’ for the?Hoiana?integrated resort in Vietnam.??

Alvin Chau, CEO of Suncity Group Holdings is thrilled to be granted a Casino Operating License in?Hoiana.

The?‘casino operating license’?permit?was?issued by the Ministry of Finance?and has given a lengthy validity period?until December 10, 2080?– subjects to its capacity for expansions in the future.?

Suncity?Group Holdings CEO, Alvin Chau?Cheok?Wa, said?“I am thrilled to be granted a Casino Operating License in?Hoiana,”. He added,?“We are now ready. The Casino Operating License will visualise 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.”?

The US$4-billion?Hoiana?joint venture?between?Suncity?Groups?that owns?34%?of the?stake, Chow Tai Fook and?Vina Capital?Group,?situates in Vietnam’s?Quang?Nam?Province?–?Hoi?An?South.?

Alvin Chau?Cheok?Wa?also?expressed,?“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.”?

Phase 1 of the Hoiana?IR casino project is set to cost?US$1 billion?to be placed in 165-hectare land?along?a?4 km?coastline?that?encompasses?a casino?that will feature?140 gaming?tables and 300 slot machines, an 18-hole golf course?which opened on March 2?and?four hotels offering over?1,000 rooms, suites and villas.?The development will offer a lineup of food and beverage and retail brands as well as recreational activities suited for both gaming and non-gaming guests.?

Suncity?Group Holdings has also obtained a shareholder’s approval for the development of a casino resort project?called?“Westside City Resorts” in the Philippine capital, Manila. Read more about it here.