One of the most prominent Asian junket companies Suncity Group had just recently finalized a brand-new business deal. This twenty-year business deal will see one of the company’s successful subsidiaries become the major casino operator of the gambling facility which is located within the coming Resorts World Westside City venue in the Philippines.

Suncity Group Holdings Limited is a firm that is listed on the Hong Kong Stock Exchange. It primarily engages in the development of commercial and residential properties. Suncity Group also provides integrated resort and casino management with a travel agency and consultancy services. When it comes to the company’s latest business ventures, this Hong Kong-listed firm just revealed that its subordinate Suntrust Home Developers Incorporated has agreed to invest around $200 million to run the Resorts World Westside City’s casino until the 19^th of August, 2039.

The company’s officials also told local news services including GGRAsia that this business contract can be automatically renewed for another twenty-five years. It was also revealed that the business contract comes with a provision that will see the company’s subsidiary Suntrust Home Developers Incorporated pay an annual rent of around $10.6 million to the coming Philippines Resorts World Westside City which is an arm of the Travellers International Hotel Group Incorporated company.

Travelers International Hotel Group Incorporated

As reported by GGRAsia, the Travellers International Hotel Group Incorporated firm is actually a joint business venture between Alliance Global Group Incorporated which is a Filipino conglomerate and Genting Malaysia Berhad which is an Asian casino behemoth. The two entities are building the Resorts World Westside City on a three hundred-acre land parcel which is located in the Entertainment City district of Manila.

The finished facility with all of its amenities is expected to open its doors to the public sometime in 2020. As revealed, it will feature a hotel space with four hundred rooms alongside a massive 1,959,031 square feet casino floor. The casino included in the facility will offer a great selection of games including over one thousand and two hundred slot games alongside four hundred mass-market and VIP gaming tables.

Suntrust Home Developers Incorporated as the Only Operator of the Casino

According to another reliable source, the business deal has also formalized another business arrangement which was concluded back in October. According to this deal, Suntrust Homer Developers Incorporated of Suncity Group has been granted the necessary rights to serve as the only as well as the exclusive manager and operators of the Resorts World Westside City’s main casino floor.

The same source also revealed that the coming facility will be a five-star venue that will feature a number of other amenities including a parking area with almost three thousand parking spaces, shopping malls, a theater, and others. The venue’s location is quite favorable as it is located very near to Manilla Ninoy Aquino International Airport.

When it comes to the Entertainment City district which sits on the 1,976-acre land parcel, it started welcoming its very first guests back in 2013. At the time, the Solaire Resort and Casino also opened its doors. Later on, Belle Corporation in partnership with Melco Resorts and Entertainment Limited debuted its City of Dreams Manila while in December of 2016, the Tiger Resort Leisure and Entertainment Incorporated of Universal Entertainment Corporation started welcoming visitors to its Okada Manila facility.

One of the most prominent Asian companies, Suncity Group has revealed that the company will soon debut its fully refurnished VIP lounge within the Galaxy Macau facility. Galaxy Macau is a luxurious casino and resort situated on the Cotai Strip in Macau. The construction of the facility started in 2002. The opening date of the property was rescheduled several times while it finally opened its doors to the public back on the 15^th of May, 2011.

The casino and resort is owned and operated by Galaxy Entertainment Group. The property includes six hotels and each has its own unique theme including JW Marriott, The Ritz Carlton, Hotel Okura, Banyan Tree, Broadway Macau, and Galaxy Macau. The property includes two thousand and two hundred rooms with one thousand and five hundred rooms in the Galaxy Hotel venue.

The hotel also includes a massive casino floor and a variety of other entertainment facilities included as well. The privately-owned Suncity Group was responsible for upgrading and refreshing the hotel’s VIP gaming lounge which is situated near the facility’s Diamond Lobby. The upgraded VIP lounge opened its doors on the 24^th of September. Packed with a new, luxurious design, the area includes twenty private gaming tables.

Taking Advantage of the Golden Week Holiday

As reported by GGRAsia, the re-opening date for the VIP lounge of Galaxy Macau proved extremely beneficial for the responsible company as it allowed Suncity Group to benefit from the Golden Week holiday which kicks off from the 1^st of October. During the holiday, Chinese tourists always gladly visit this area and this time they gathered to check the refurnished VIP lounge of Galaxy Macau to celebrate their nation’s seventieth birthday.

Situated on the northern side of the Cotai Strip, very close to the remarkable Venetian Macao, Galaxy Macau has been upgraded several times since its opening in 2011. Some of its facilities were given new looks as a part of the company’s $191 million-worth upgrade revamp. Back in July, Suncity Group introduced another privately-owned VIP gaming lounge at Rio Hotel and Casino which runs using a casino license by the Galaxy Macau’s owner.

Two Months of Declines in Aggregated Gross Gaming Revenues for Macau

After almost two months of constant declines in aggregated gross gaming revenues from thirty-five casinos located in Macau, September showed a great increase in the gross gaming revenues of 0.57% which amounts to around $2.7 billion. As reported by the Bloomberg news outlet, the result from September was around $15.7 million higher when compared to the same thirty-day period last year.

On the other hand, the numbers on aggregated gross gaming revenues for Macau-based casinos for July and August showed significant decreases of 3.5% and 8.6%. When taking into account the numbers from September, Macau-based casinos have recorded aggregated gross gaming revenues for nine months of around $27.2 billion which is a contraction of around 1.67%.

Despite promising numbers, Macau’s casino industry is still very vulnerable to major headwinds such as ongoing China and United States trade war and other political issues. Macau is home to some of the world’s most famous venues including the Melco Resorts and Entertainment Limited-owned and operated Studio City Macau and SJM Holdings Limited-operated Casino Grand Lisboa.

However, concerning the future of Macau’s junket services, it is rather uncertain. At the same time, one Asian casino operator which heralds extremely successful September is Paradise Company Limited that has reportedly experienced a massive 42.7% increase of aggregated gross gaming revenues which amounts to around $61 million.

The Seoul-based company also revealed that its table games gross gaming revenues for September increased by around 45.1% which amounts to $57.7 million. Moreover, the company’s slot gross gaming revenues also rose by 10.7% amounting to $3.2 million. The company owns and operates casino and hotel resorts in Busan, Jeju, and Seoul including the Paradise City resort located close to Incheon International Airport. Considering its latest numbers on the aggregated gross gaming revenues, the South Korean casino operator enjoyed an impressive improvement of 23.5% from last year which equals $470.7 million.