Suncity would acquire Hoi An stake
Suncity Group Holdings wants to acquire 34 percent of Hoi An casino stake.
Vietnam.- As Suncity Group Holdings decided to invest in the Vietnamese casino project of Hoi An, its subsidiary Goal Summit would acquire 34 percent stake in the gaming venue. According to local media, the transaction would be set in US$76.8 million. The Hoi An casino would end its first phase of construction by 2019.
Lo Kai Bong, an executive director of Suncity Group will provide consultancy services to the company’s chairman and executive director Alvin Chau. The integrated resort project is under development in Hoi An South, in the Quang Nam Province of Vietnam and will include a tourism area, integrated resort and residential areas with a total of nearly 985 hectares.
The project will be built in phases, the first of which includes the building of the integrated resort complex with entertainment and retail facilities, which will have a casino with 140 gaming tables and 1,000 slot machines. It will also have a golf course clubhouse, a mass market hotel with 313 hotel rooms, an all-suite hotel with 136 suites, a hotel villa resort with 70 units, 30 villa units for sale and timeshare rental, and a condo-hotel with 236 rooms, also for sale and timeshare rental.
