Suncity’s role could grow
Leading Macau junket operator Suncity Group has signed a deal with Golden Sun Sky Entertainment Co. Ltd., which is building a US$360 million integrated resort on Otres Beach in Sihanoukville Province.
On September 5, Suncity informed the Hong Kong Stock Exchange that it will provide “certain consultancy services” to Golden Sun Sky, which has been licensed to operate casino gaming, sports betting, hotels and duty-free markets in Cambodia.
Suncity is taking bold steps to grow beyond its role as a junket operator, especially with its investment in the $4 billion Hoiana in Vietnam. It also aspires to be part of some consortium building an integrated resort in Japan, and could even position itself for a Macau casino concession in the next few years. So it would be no surprise if its involvement in the Sihanoukville casino expanded over time.
The 650,000-square-foot resort is expected to open by the end of 2019, reported CalvinAyre.com. The website notes that Sihanoukville, on the southwestern coast of Cambodia, has seen a surge in tourism by the Mainland Chinese in the past few years, making growth in the gaming industry a natural result.
Golden Sun Sky is a relatively new player in the industry, established in March 2017 as part of the mainland investment group China Yunnan Jingcheng Group Co. Ltd.
