The joint venture between Suncity, VinaCapital Group and VMS Investment Group will open in Q1 2020 despite virus outbreak.<\/p>\n\n\n\n\n\n\n\n
Vietnam.- Suncity has said the Coronavirus<\/a><\/em><\/strong> will not impact the opening of its new Hoaina casino project<\/a><\/em><\/strong> which is set to open on schedule. <\/p>\n\n\n\n “Our market positioning in Hoiana is quite different compared to Macau,” a Suncity<\/em><\/strong> spokesperson to GGRAsia. <\/p>\n\n\n\n “We believe the alert will not affect our pre-soft opening provided we obtain the [local] licence on time,” he added.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n 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\u2019 Westside City Resorts World in Manila, expected to open in 2022. The joint venture between Suncity, VinaCapital Group and VMS Investment Group will open in Q1 2020 despite virus outbreak.<\/p>\n","protected":false},"author":2,"featured_media":2109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Suncity Group, in a joint venture with VinaCapital Group and VMS Investment Group, has affirmed the Hoiana integrated resort project in Vietnam will commence its pre-soft opening in Q1 2020 as scheduled, contingent upon timely local licensing, despite the prevailing virus outbreak. This development underscores Suncity's strategic market diversification, complementing its recent expansion initiatives in the Philippines.","focusai_entities":"Suncity, VinaCapital Group, VMS Investment Group, Suntrust Home Developers, Travellers International Hotel Group, GGRAsia","focusai_location":"Vietnam, Macau, Philippines, Hoiana, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Hoiana Licensing Status?","query":"What specific regulatory milestones and B2C licensing approvals are pending for the Hoiana project, and what is the projected timeline for their finalization to ensure the Q1 2020 pre-soft opening?"},{"label":"Suncity Diversification Strategy?","query":"How does Suncity Group's strategic market positioning in Hoiana and its recent acquisitions in the Philippines align with its broader diversification strategy away from Macau, particularly concerning projected GGR contribution and enterprise risk mitigation?"}],"footnotes":""},"categories":[160,28,158,16333],"tags":[29,8232,1427,94],"class_list":["post-3170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-slider-home","category-south-east-asia-news","tag-casino","tag-hoiana","tag-suncity","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3170"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3170\/revisions"}],"predecessor-version":[{"id":777009566,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3170\/revisions\/777009566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2109"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n","protected":false},"excerpt":{"rendered":"