Suncity involved in Vietnam IR project

The company said that it will provide pre-opening services to the Quang Ninh integrated resort project in Vietnam.

Vietnam.- Suncity Group Holdings revealed late last week that it entered into a Technical Services Agreement with the developer of the upcoming integrated resort in Quang Ninh Province, Vietnam. The casino is expected to open on March 31, 2019.

Management Van Don Subsidiary will receive services fee that include US$250k to be paid 15 days before the signing of the Technical Services Agreement, another US$250k 15 days after the project owner receives all the payment documents six months from the Effective Date, which is marked on April 1, 2017, and US$41k every month if services are required, AGBrief reported.

“The entering into of the Technical Services Agreement represents the first step of the Group to provide consultancy, advisory and technical services for large scale resorts with gaming and entertainment facilities,” said Suncity, and added that it hopes to continue expanding its business in order to maximise results for shareholders.

Suncity Group will open operations at the Okada Manila during the fourth quarter of the year. The opening will help the Manila facility continue with its growth, and as one of the biggest VIP operators in Macau, it is expected that it will do the same in Manila.