he $500 million initial stage of the new Hoi An South Integrated Resort is set to open in Vietnam’s Quang Nam Province during first quarter of 2019 while the full seven-phase project is expected to be complete by 2035.
“The phase one integrated resort is due for completion in the first quarter of 2019 and will include approximately 1,000 lodging rooms [in] three hotels, residential villas and apartments along with a championship golf course, food and beverage offerings, retail areas and a variety of further leisure and entertainment facilities,” read a statement from Suncity.
The full resort casino is expected to occupy 985 hectares when complete, including 160 hectares for its first phase, at a cost of approximately $4 billion and could create around 2,000 new jobs.
One of the world’s largest VIP gaming consolidators measured by rolling chip volumes, Suncity operates exclusive rooms at casinos in Macau, The Philippines, South Korea and Australia. It has partnered with Vietnamese firm VinaCapital and Gold Yield Enterprises, which is a subsidiary of Hong Kong-based jewelry giant Chow Tai Fook Enterprises, to develop the new resort casino through the Hoi An South Development partnership.
“In the near future, Suncity Group will launch a variety of brand-new travel products and offerings and aim to further develop [our] business scope internationally in the field of leisure and tourism,” read the Suncity release.