In addition to being a casino operator, Suncity is also a junket promoter. This means that its business model revolves around attracting wealthy Chinese to play junket games. This could put the casino in the crosshairs of the PRC. To make matters worse, Suncity has already received multiple legal challenges relating to its activities. It will be interesting to see if the group will still be able to obtain a license.
Despite the recent crackdown, Chinese prosecutors have continued to target online gambling platforms. The company's CEO, Alvin Chau Cheok-wa, was arrested last week for operating an illegal gambling website. While the firm has never been accused of breaking the law, it has also been convicted of encouraging Chinese nationals to gamble online. According to prosecutors, the casino industry in Macau is suffering from a massive crackdown on illegal operators who are using online platforms to evade the laws of China. Click here to understand a lot of details visit Suncity casino
The Suncity Group has also entered into a consultancy agreement with Golden Sky. The company is developing an integrated casino resort in Sihanoukville, Cambodia, which will have over 2,000 lodging keys and 500 gaming tables. The project is expected to open in 2021 and will have more than 3,000 gaming devices. The casino in Sihanoukville, Cambodia, is becoming a regional gaming destination, serving southern China and Thailand. It also operates VIP gaming tables in the Entertainment City and the Manila International Airport.
However, the company is still a major player in the Macau gaming industry and is looking for ways to revive its business. It must also re-start delivery of high-end PRC players to be able to maintain its leadership position. Additionally, the casino has high hopes of securing the coveted gaming concessions when they expire in 2022. With these changes, it will become a leading player in the Macau gambling industry.
The Suncity Group owns a majority stake in the Tigre resort in Vietnam. The resort's new $200 million expansion is expected to double its gaming tables and add 120 hotel rooms. In addition to these projects, Suncity is also building a casino resort in Vietnam. It is also seeking a license to operate in Japan and is targeting the city of Wakayama. The company has not yet made a decision on the exact location of the casino in Japan.
In addition to its Macau casino, Suncity is also developing a luxury integrated resort in Hong Kong. The company plans to open a phase I of this resort in June 2020. This phase will have 1,000 hotel keys, a championship golf course, multiple restaurants, and a casino. The entire project is expected to be operational by 2022. Despite the fact that the casino will be a key player in the recovery of the Macau casino industry, the firm has ambitious plans to expand its customer base in other parts of the world.
