A note from brokerage UBS Securities Asia indicates that Vietnam’s Hoiana resort complex is set to open in the second half of this year. UBS said the information came from a meeting with managers from the Suncity Group, which operates Macau junkets and has invested in regional casino development projects including Hoiana.
Hoiana marked its soft-opening in June of 2020, but the grand opening was delayed because of “border restrictions” put in place in Vietnam as a result of the Covid-19 outbreak. According to GGRAsia, Suncity said earlier this month that Hoiana would also begin its second phase of development and would target “tourists from Southeast Asia.”
Suncity Group Holdings also has an investment in Hong Kong-listed Summit Ascent Holdings, promoter of the Tigre de Cristal casino resort in Vladivostok, near Russia’s Black Sea. The brand is also pursuing the development of a resort project in Manila, home of the Philippines’ Entertainment City casino district.
