A senior executive for prominent junket operator, Suncity Group Holdings Limited, has reportedly reiterated his firm’s desire to begin running casinos across Asia including in the Philippines, South Korea, Myanmar and Russia.

According to a report from GGRAsia, Andrew Lo Kai Bong, Executive Director for Suncity Group Holdings Limited, used a Monday interview to additionally declare that the Hong Kong-listed conglomerate hopes to transform itself into a ‘pure gaming firm’ by 2020 while wrapping its now-independent junket operation into the reorganized business.

“We’ll be studying how to inject the junket business into [Suncity Group Holdings Limited],” Lo reportedly told GGRAsia.

Suncity Group Holdings Limited reportedly already has significant property holdings in mainland China including Shenzhen’s recently-completed Le Paysage residential project as well as its under-construction The Landale venue in Anhui Province. The Macau-headquartered firm is also planning to build a similar up-market housing development in northern Liaoning Province with its extensive portfolio furthermore containing food and beverage, property leasing and travel service businesses.

“The firm still has some property projects in mainland China [and] it will take some time to sell these off,” Lo reportedly told GGRAsia.

GGRAsia reported that Lo’s disclosure came less than a month after he revealed that his company was set to investigate the possibility of bidding for one of the three integrated casino resort licenses that will soon be made available for Japan. Alongside this, the giant firm intends to close a $76.8 million deal on July 31 that will see its Goal Summit Limited subsidiary acquire a 34% stake in Hoi An South Development Limited Project Company, which is building the Hoiana integrated casino resort in northern Vietnam.

Lo told GGRAsia that the first stage of this seven-phase Vietnamese project complete with food and beverage outlets, a golf course and a trio of hotels is scheduled to open next year while the venue’s casino is to feature approximately 70 mass-market gaming tables alongside an identical number reserved for VIP players.

GGRAsia further noted that Suncity Group Holdings Limited may also be interested in making a play for a Macau casino license when those held by the current ‘big six’ operators expire between 2020 and 2022.

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