The Socialist Republic of Vietnam or simply Vietnam is a picturesque country in Asia located on the easternmost side of the Indochinese Peninsula. The country is home to several luxurious fully integrated casino resorts as well as several smaller casino hotels. One of the most iconic venues of this kind is the Grand Ho Tram Resort venue which opened its doors in 2013. Vietnam also hosts the Palazzo Club Casino facility which opened seventeen years ago.
The venue features over one hundred gaming machines alongside arcade games, slots, and poker games. Another great option for fans of land-based casino gaming coming and residing in Vietnam is the Club Royale Casino venue which opened sixteen years ago. Its gaming floor covers over 5,651 square feet and it hosts an excellent collection of games. The country with over 96.2 million residents is about to become home to another fully integrated casino resort and the project is already under construction.
Hoiana Integrated Casino Resort
In the central region of Vietnam, two companies that are responsible for the upcoming Hoiana casino resort have just recently agreed to boost the massive development project with another loan of around $60 million. According to several reports released by GGRAsia and Inside Asian gaming, the coming Hoiana casino resort project is worth $4 billion. The luxurious facility is located around twenty-one miles from the city of Da Nang.
Just last month, an exclusive event was held at the casino resort which according to plans should start welcoming its very first guests sometime during the first months of 2021 if everything goes as planned. Inside Asian Gaming also reported that around $30 million of the $60 million loan will be staked by the Suncity Group Holdings Limited junket operator form Asia via its prominent Star Admiral Limited group.
According to the same report, the remainder of the loan which is fifty percent will come from the Alpha Era Investment Limited investment enterprise. The same source also revealed that these two entities together are responsible for the Gold Yield Enterprises Limited firm which is registered in Hong Kong. This enterprise itself holds over sixty-six percent stake in the Hoi An South Development Limited company is constructing the Hoiana fully integrated casino resort.
Hoi An South Development Limited
Several other reports were released by GGRAsia and Inside Asian Gaming in the past couple of days. In one of those reports, the sources revealed that the Suncity Group Goldings Limited company based in Hong Kong declared in an official filing that its portion of the $60 million loan is financed via an enterprise that is controlled by the company’s Chairman, Mr. Chau. The same filing also revealed that the company’s portion of the loan goes to the Hoi An South Development Limited to be used for the company’s business development projects and capital needs.
Commenting on the news about the new loan, Suncity Group Holdings Limited shared that its board of directors shares a positive future outlook for the Hoiana casino resort project and they believe that the entire group will benefit from the project’s success. GGRAsia also reported that local enterprise, the VinaCapital Corporate Finance Limited company is responsible for over thirty-three percent stake in the Hoi An South Development Limited company while Suncity Group Holdings Limited will charge fourteen percent quarterly interest on the under-construction Hoiana casino resort project.