The Hoiana project, which will be located in the Chu Lai Open Economic Zone in Quang Nam Province, includes investors such as VinaCapital Group and Gold Yield Enterprises, a subsidiary of Hong Kong’s Chow Tai Fook Enterprises.
Suncity is completing the deal via a subsidiary known as Goal Summit. The casino will include 140 gaming tables, 1,000 slots, a golf course and a condo-hotel. It is expected to open in 2019. The whole development has had an initial investment of $ 89 million.
"The
group is confident on the outlook of the tourism sector in Vietnam and believes
there will be an increasing demand for resort facilities in popular tourist
destinations in the country, including Quang Nam province, which has received
almost a quarter of the country’s total number of foreign visitors in 2016,”
Suncity said.
Construction of phase one started on April 23. The first phase will open in Vietnam’s Quang Nam Province in the first quarter of 2019, whilst the seven-phase project, costing some US$ 4 billionn, won’t be completed by 2035.
The full resort casino will cover 985 hectares. The South Hoi An development will be the largest tourist destination in Quang Nam, which is already home to several resorts on the South China Sea coast.
Hoiana’s chairman, Don Lam, said: "This integrated resort and leisure playground will set a new benchmark for high-end tourism in Vietnam, bringing economic prosperity and opportunity to Quang Nam province.”
Source: GMB
