Growing presence across Asia
Macau junket investor Tak Chun Group is gearing up to install VIP clubs at two new locations: at MGM Cotai, the newest resort on Macau’s Cotai Strip, and at an undisclosed location in Da Nang, Vietnam.
“We have been operating in Da Nang. Now we are starting to put in resources to open a VIP club with our brand,” Vincent Li, chief operating officer of Tak Chun, told reporters. Li said Da Nang is a location of interest to the group because of the jurisdiction’s potential, reported GGRAsia.
According to a February note from Union Gaming Securities Asia Ltd., Da Nang has gained in importance as a gaming destination because of its proximity to Hoiana, the casino project in development at Hoi An. Tak Chun’s Macau market rival, Suncity Group, will own a 34 percent stake in the resort.
Tak Chun Chief Financial Officer Tsang Ka Hung said the group’s activities in Macau and overseas markets “complement” each other.
“At the venues in Southeast Asia, there is usually a good natural environment, like beaches, sunshine and blue sky. Macau is affluent, but it is lacking things like long coastline and a comfortable climate,” said Tsang.
“Macau is still the major market,” he added. “If clients wanted to go overseas, they would come to Macau first before going elsewhere.”
Tak Chun launched a new VIP club on March 20 at the Okada Manila casino resort in the Philippine capital. That club offers 18 gaming tables across five rooms and is the third VIP room for Tak Chun in the Philippines market, alongside operations at Solaire Resort and Casino, a Bloomberry property, and City of Dreams Manila, run by Melco Resorts & Entertainment.
