Tag Archives: Sun City
Chine – Le patron du défunt Sun City Junket condamné à 18 ans de prison à Macao
Alvin Chau Cheok Wa, the founder of Macau junket operator Suncity Group, has been sentenced to 18 years in prison having been found guilty of fronting a criminal gang, illegal gambling activities, and fraud. Judge Lou Ieng Ha said: “Chau Cheok Wa was aware of and received illicit gains from the activities. The staffers of…
Russia – Summit Ascent increases shareholding in Tigre de Cristal
An off-shore Russian subsidiary of Hong Kong-listed Summit Ascent Holdings has increased its shareholding in Oriental Regent Limited (ORL), the operating force behind Tigre de Cristal in Primorye near Vladivostok, by 10 per cent to 77.5 per cent in a move that will help fund the Phase II expansion of the casino. It could still…
South Africa – Time Square helps Sun International post positive results
Despite the difficult political landscape and a challenging operating environment, Sun International’s South African operations achieved two per cent growth in income and four per cent in adjusted EBITDAR due to ‘a dedicated focus on efficiencies, cost containment and enhancing the guest experience.’ Time Square, Sibaya and Sun Slots performed well with income increasing by…
Vietnam – Sun City completes purchase of Hoiana shares
Macau junket operator Suncity Group has completed its purchase of just over a third of a share in Hoiana, the integrated resort project to open in Hoi An South in Vietnam next year. Suncity subsidiary Goal Summit now owns the entire equity 34 per cent interest previously owned by Star Admiral. It joins the project’s…
Vietnam – VinaCapital confirme un complexe de casino Hoina de 4 milliards de dollars au Vietnam
VinaCapital, une société immobilière vietnamienne, a confirmé qu'elle ouvrirait Hoiana, un complexe-casino de 4 milliards de dollars à Hoi An, sur la côte centrale du Vietnam, d'ici le premier trimestre 2019. Décrit comme une « destination intégrée de tourisme et de loisirs, Hoiana être construit le long d'un terrain de 4 km en bord de mer, à seulement 5 km du site mondial de l'UNESCO…
