INDOCHINA 8
VIETNAM
Vietnam set for second major opening of 2019 Vietnam is set for its second major debut of 2019, with the $4 billion Hoiana scheduled to open its doors towards the end of the year.
T
he Hoiana will be the country’s largest and most ambitious project to date. To be built out over phases, the resort will span 985.5 hectares of prime beach-front land in Da Nang, Central Vietnam. It will have 140 tables and more than 300 gaming machines. The resort will include 1000 hotel rooms in Phase 1, retail space, an 18-hole championship golf course and food and beverage outlets. It will also have serviced
Asia Gaming Briefings | September 2019
apartments with 270 units. Phase 2, being finalized at the moment, is set to include 100 villas, two hotel brands boasting 2,000 rooms, a commercial village with retail stores and a theme park. A total of 4km of beach line will be part of the project, as well as more than a dozen restaurants. Macau’s biggest junket operator, Suncity Group, has an equity stake in the project, which it’s developing along with local investment group Vinacapital and Hong
Kong-based VMS Investment Group. “With Hoiana being the first integrated resort we have developed, we have high expectations,” Suncity executive director Andrew Lo told AGB in a March interview. “It is totally different from hotels in Macau, in terms of the target market and operation strategy. The market positioning of Hoiana is a resort destination, [so] the revenue will not only come from the tables, but from other facilities.”
