Update 3-19-2015: Sun City denies visit. Read More.
We reported here on January 28th that the Vietnamese government had given permission for a casino to be opened on Phu Quoc Island, in what is expected to become an administrative economic zone by 2020. This week Suncity Group met with local officials and scouted a village in Rach Tram as a potential site for a new casino, according to a report in VietNamNet Bridge news.
In January it was reported that a new Phu Quoc casino would span some 30,000 square meter (322,917 sq ft) and would host between 200 and 400 gaming tables with up to 2,000 slot machines. Suncity has not indicated any details for their plans at this point.
Suncity is reportedly the leading junket operator in Macau with a 20% share of the VIP market. They have recently been appearing in the press more frequently and on March 3rd the company earned an entry into the Guiness Book of World Records with a HKD100 Million (USD12,877,306) prize in a baccarat tournament with the final event held at the Sheraton Macao Hotel.
The major headlines have been awash lately with operators and developers seeking new venues amidst the continued crackdown on graft, corruption, and lavish spending by the Mainland Chinese government. The Chinese campaign shows no sign of letting up presently.
Phu Quoc is Vietnam’s largest island. It is affectionately known as “Pearl Island” and is situated in the Gulf of Thailand about 240 km south of Phnom Penh, Cambodia.