Hoiana, a lavish casino resort now in development in Vietnam’s Quang Nam Province, will not open this year as planned.
Developer Suncity Group has pushed back the opening until 2021 due to disruption caused by the global coronavirus pandemic.
A joint venture of Suncity, Chow Tai Fook and VinaCapital Group, the 165-hectare (407-acre) is located along the coast in Quang Nam Province. Phase I of the development, representing a US$1 billion investment, will include a casino, restaurants, an 18-hole golf course and more than 1,000 hotel rooms.
Originally planned to launch in the first half of 2020, Suncity revealed overnight that the full opening of Hoiana will now take place in 2021 with an “exclusive preview” to be held later this year.
“I would like to take this opportunity to update my fellow shareholders that the highly anticipated grand opening of Hoiana is now scheduled to happen in 2021, with an exclusive preview of Hoiana in summer 2020 as a consequence of the uncertainties brought by coronavirus,” said Suncity Group Chairman Alvin Chau.
“Suncity’s investment in Vietnam is intended to be for a very long time. Now, there may be flight and visa disruptions to Vietnam; however, our long-term confidence towards the Vietnam market remains positive.
“We are working hard to ensure that Hoiana will be ready to welcome our first guests in the preview in summer. All of these set the stage for 2020 and beyond to become transformative years ahead for Suncity.”
