Casino project in Vietnam will include three hotels

Suncity Group revealed that the first phase of the casino resort it is building in Vietnam will include a trio of hotels offering around 1,000 rooms.

Vietnam.- Macau junket promoter Suncity Group announced that the first phase of the casino resort it is building in Vietnam in partnership with asset management firm VinaCapital Group and Gold Yield Enterprises will include a trio of hotels featuring around 1,000 rooms.

Suncity operates exclusive rooms at casinos in Macau, The Philippines, South Korea and Australia. The VIP gaming consolidator has partnered with Vietnamese firm VinaCapital and Gold Yield Enterprises, a subsidiary of Hong Kong-based jewelry giant Chow Tai Fook Enterprises, to develop the new resort casino through the Hoi An South Development partnership.

The US$500 million first stage of the new Hoi An South Integrated Resort is scheduled to open in Vietnam’s Quang Nam Province during first quarter of 2019, whilst the full seven-phase project is expected to be completed by 2035. The full resort casino will occupy 985 hectares when complete, including 160 hectares for its first phase, at a cost of approximately US$4 billion. The facility is expected to create around 2,000 new jobs.

“The phase one integrated resort is due for completion in the first quarter of 2019 and will include approximately 1,000 lodging rooms [in] three hotels, residential villas and apartments along with a championship golf course, food and beverage offerings, retail areas and a variety of further leisure and entertainment facilities,” said Suncity in a statement. “In the near future, Suncity Group will launch a variety of brand-new travel products and offerings and aim to further develop [our] business scope internationally in the field of leisure and tourism.”