the\u00a0Hoiana<\/a><\/em><\/strong>\u00a0hotel and casino in Vietnam, which offered a preview during the pandemic.<\/p>\n\n\n\nThe company said it “will continue to ramp up the property to prepare for more VIP rooms, hotel rooms, additional food & beverage and retail outlets to be ready for the grand opening in 2021.\u201d\u00a0<\/p>\n\n\n\n
It added: \u201cGiven current market situation, hotel rooms will be rolled out in phases according to the demand\u00a0of the market to balance cost and benefits.\u201d\u00a0<\/p>\n\n\n\n
Finally, the company said it expected to open the Suncity VIP roomand a 34-room hotel extention at Tigre de Cristal in\u00a0Primorye, Russia, by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Revenues fell to RMB93.7m (US$13.6m), while gross profits dropped 45.8 per cent to RMB28m (US$4m).<\/p>\n","protected":false},"author":2,"featured_media":9505,"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 reported a significant 69.5% year-on-year revenue decline for H1, primarily attributed to its travel-related products and services segment. Despite the financial downturn, the casino operator is advancing several key integrated resort projects, including the Westside City Project in the Philippines, Hoiana in Vietnam, and an expansion at Tigre de Cristal in Russia, signaling continued strategic development amidst challenging market conditions.","focusai_entities":"Suncity Group, SunTrust","focusai_location":"Hong Kong, Philippines, Vietnam, Russia, Primorye, Entertainment City","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H1 Revenue Impact","query":"What specific factors within the 'travel related products and services segment' were the primary drivers of Suncity Group's 69.5% H1 revenue decline, and what mitigation strategies are being implemented to address these challenges?"},{"label":"Project Funding & ROI","query":"Given the significant H1 revenue contraction, how will Suncity Group ensure adequate capital allocation and projected ROI for the Westside City Project, Hoiana ramp-up, and Tigre de Cristal expansion, particularly concerning B2B\/B2C licensing and governance frameworks?"}],"footnotes":""},"categories":[16338,163],"tags":[8232,128,1427],"class_list":["post-9503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-hoiana","tag-philippines","tag-suncity"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9503","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=9503"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9503\/revisions"}],"predecessor-version":[{"id":9527,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9503\/revisions\/9527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9505"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}