09/09/21 Suncity chairman sells stake in Sun International Alvin Chau, CEO of Suncity Group Holdings, has announced he has sold his stake in financial services firm Sun International for US$9m.
08/25/21 Suncity expects profits of US$27.8m for H1 Suncity Group expects to report a return to profitability for the first half of the year 2021.
06/08/21 Suncity launches voluntary redundancy scheme Suncity Group is offering voluntary redundancy through a “Personal Career Reshaping Plan” due to the impact of the Covid-19 pandemic.
05/21/21 Japan: Wakayama remains optimistic about IR bid Wakayama prefecture is expected to make a decision on Clairvest’s IR proposal in the following weeks.
05/13/21 Japan: Suncity Group withdraws from Wakayama IR bid Wakayama’s IR bid is at risk after Suncity Group’s decision to pull out of the process.
03/25/21 Summit Ascent reports positive adjusted EBITDA in 2020 Summit Ascent was able to make up for lost profits in the second half of 2020 thanks to strong local demand. It now it plans to launch a VIP business.
03/24/21 Suncity predicts $115m profit after tax Suncity Group has predicted a $115m profit after tax despite the impact of the Covid-19 pandemic and investment in various expansion projects.
02/26/21 Suncity to open new VIP gaming clubs in Macau The clubs will be located at two Cotai casino resorts: The Londoner Macao and Grand Lisboa Palace.
01/29/21 Suncity to promote sustainable tourism in Wakayama In it’s bid for the integrated resort project in Wakayama, Suncity Group proposes building a yacht harbour.
01/19/21 Two bidders for Wakayama IR project The prefecture has closed its RFP process with two candidates competing to be its chosen partner for its integrated resort bid.
01/14/21 Summit Ascent seeks direct VIP model in Russia The gaming operator is said to be planning a more direct approach at Tigre de Cristal instead of relying on the controlling partner, Suncity Group.
01/13/21 Suncity VIP volume up to 20% of pre-Covid-19 levels The recovery has been slower and more gradual than the group expected, according to Goldman Sachs analysts.
01/12/21 Wakayama announces IR implementation policy The prefecture has set out the requisites that potential private partners must meet in their bids for its integrated resort project.
09/11/20 Suncity’s Hoiana will contribute to profits from 2022 According to research, the casino project in Vietnam will eventually generate EBITDA of US$470 million per year.
09/10/20 Suncity opens Wakayama IR office The new location will serve as a base for the company’s Japanese team and will have a public cafe and venue for community events.
