The joint venture between Suncity, VinaCapital Group and VMS Investment Group will open in Q1 2020 despite virus outbreak.
“Our market positioning in Hoiana is quite different compared to Macau,” a Suncity spokesperson to GGRAsia.
“We believe the alert will not affect our pre-soft opening provided we obtain the [local] licence on time,” he added.
Suncity Group confirmed last year that the first phase of Hoiana will open in the first quarter of 2020. The new venue is a joint venture between Suncity, VinaCapital Group and VMS Investment Group.
Suncity recently acquired Philippines-listed company, Suntrust Home Developers, and signed an agreement with the Travellers International Hotel Group to develop and operate a hotel and casino at Travellers’ Westside City Resorts World in Manila, expected to open in 2022.