Suncity Group, which recently announced its foray into IR projects in Cambodia and Vietnam, has assured its shareholders that its activities in these countries is lawful under Hong Kong laws.
A backlash against a perceived influx of Chinese investment has sparked protests in both Vietnam and Cambodia this year, though experts say the outlook for two of the region’s most promising gaming markets remains positive.
The Vietnamese government has passed a new law that allows locals to bet on government-approved sports events, local media reports.
Macau junket operator Suncity Group has again extended the deadline for the purchase of a 34% stake in a casino project in Vietnam until July 31.
The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.
Suncity Group, Macau’s leading junket operator, has formed a consortium in Japan to study a potential license bid there, executive director Andrew Ho said in an interview.