Vietnam’s largest casino to open gates next yearMacau’s biggest junket operator Suncity Group Holdings Ltd. is undaunted in its ambition to start operating Vietnam’s largest casino in the central province of Quang Nam. The USD4-billion casino named Hoiana will include many stores, restaurants, golf courses, and water parks. Accordingly, Hoiana will be the first casino in Vietnam with involvement of Suncity Group. In 2017, Royal International Corporation (RIC) announced losses of VND127 billion (USD5.6 million), mainly due to losses from its casino business in Halong Bay of the northern province of Quang Ninh. However, the total revenue of the casino business only reached USD23 million, with profit being less than one tenth of the revenue.

Source: VietNamNet News May 01, 2018 05:03 UTC