2021 Outlook from Suncity, Hoiana Phase 2 starts this year
Hoiana will target at bringing in tourists from Southeast Asia as main source markets, says Suncity Group.
Alvin Chau Cheok Wa leads a Hong Kong-listed firm – Suncity Group Holdings Ltd – that has an investment in Hoiana.
Suncity Group said in a Tuesday press release that Hoiana, a Vietnam casino resort that launched 2020, would see a start this year in its second phase of development, and would target “tourists from Southeast Asia”.
Suncity brand has been well known for serving high-value casino players from mainland China that wish to gamble in Macau. But in recent years the junket brand has spread its presence to other regulated casino markets.
“The first phase of Hoiana covers an area of over 165 hectares, with the second phase project commencing in 2021,” according to the announcement from Suncity Group.
The release added: “Hoiana will target at bringing in tourists from Southeast Asia as its main source markets in the future. Suncity Group believes that Hoiana will bring significant revenue and sustainable development prospects, and is a demonstration of its determination to gradually evolve into an IR operator and actively expand its resort management business.”
Keep Expanding into East Asia
In the same release, Suncity Group stated the brand was “expanding into East Asia to further target Japanese and Korean travellers,” with plans to develop non-gaming resorts “in Miyako Island, Okinawa and Niseko in Hokkaido in Japan, with construction to begin in 2021”.
The brand also reiterated that what it termed the “Westside City integrated resort” at Entertainment City in Manila, in the Philippines, was “set to open its doors before 2023”.
Suncity Group stated in its Tuesday update that Russian Tigre de Cristal would “focus on developing local clientele, while introducing Japanese and Korean travellers as the target source market”. Phase two would “commence in 2021, doubling the number of entertainment facilities as well as tripling the number of guest rooms.”
