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Suncity Group to collaborate with a Cambodian project

Niji Narayan

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Suncity Group to collaborate with a Cambodian project
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Suncity Group, the Hong Kong-listed company, has signed a partnership with Golden Sun Sky Entertainment, a company running casino resorts in Cambodia. As per the agreement, Suncity Group will provide consultancy and management services to the Cambodian company in setting up and running casinos. .

The first casino resort after the new deal will be located at Otres Beach, in the city of Sihanoukville, and close to the Vietnamese island of Phu Quoc, home to several integrated resorts and upcoming developments. It will include a casino, hotels, restaurants, shops and convention space and will be developed through an estimated investment of €310 million and will likely open by the end of 2019.

Suncity Management Consultancy will help Golden Sun Sky through advice and management services that it will provide for the casino resort project. It will also cooperate on further projects to explore new markets. Despite explaining the deal’s details on a Wednesday filing, the fees it would be entitled have not been revealed.

Golden Sun Sky, was established in March 2017 and it’s part of the investment group China Yunnan Jingcheng Group Co Ltd.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Cambodian Secretary of State to address Mekong Gaming Summit, 10-12 September, 2019

George Miller

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Cambodian Secretary of State to address Mekong Gaming Summit, 10-12 September, 2019
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AG Brief is delighted to confirm that the Ministry of Economy and Finance Secretary of State, H.E. Nguon Sokha, will give the opening address at the much-anticipated Mekong Gaming Summit in September.

The conference is due to take place at the Sofitel Phnom Penh from 10-11 September and has the full support of the Ministry of Economy and Finance (MOEF), one of the agencies responsible for gaming regulation, along with the Ministry of the Interior. Both will eventually form the Gaming Management Committee to implement and oversee the Kingdom’s new gaming legislation.

H.E. Mey Vann, director general of the MOEF, will also be speaking at the summit, and we expect to shortly also confirm the Directorate of Investment and Company Administration, Ministry of Investment and Foreign Economic Relations of Myanmar.

In addition to these addresses from government officials, the summit will provide investing and market perspectives on the land-based and online gaming opportunities in the key markets of Cambodia, Vietnam, Thailand, Laos and Myanmar.

Other highlights of the event include a special gala cocktail reception hosted by the capital’s premier casino and entertainment resort – NagaWorld – on the evening of Tuesday 10th September. Delegates will also be able to meet companies able to assist in setting up their businesses in the region at a table-top exhibition space in the Sofitel Grand Ballroom foyer.

Immediately following the conference, there will be an optional tour to Sihanoukville for those who would like to see the sheer scale of development in Asia’s new gambling mecca for themselves.

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Suncity Launches New VIP Club at Macau’s Rio Hotel and Casino

Niji Narayan

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Suncity Launches New VIP Club at Macau’s Rio Hotel and Casino
Photo Source: agoda.com
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Macau junket firm Suncity Group has launched a new VIP Club at the Rio Hotel and Casino in Macau. It is Suncity’s 8th VIP Club in Macau. Rio Suncity VIP Club comprises a total of four VIP gaming rooms and 12 gaming tables.

The company made global headlines last week after Chinese media published an article accusing Suncity of signing up players who gambled in its Macau junket rooms to online gaming and proxy betting services. Both are banned under Macau and Chinese law.

In response, Suncity Group Chairman Alvin Chau Cheok Wa called a special press conference over the weekend at which he revealed Suncity would not conduct any gaming operations currently outlawed in Macau in any other countries and regions, even if those operations are legally allowed within those jurisdictions.

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Oriental Group Gets Approval for Developing Gaming Hubs to House POGOs

Niji Narayan

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Oriental Group Gets Approval for Developing Gaming Hubs to House POGOs
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Oriental Group, the Asian-based online gaming giant, has got approval form PAGCOR, the gaming regulator in Philippines, to develop two hubs for the purpose of hosting accredited Philippine Offshore Gaming Operators (POGOs). The hubs will be based in Clark and Cavite.

The hubs will not only house the offices of accredited POGOs but also workers’ residences and relevant government agencies. The idea is to make it easier for PAGCOR to regulate the industry.

“We are making business more comfortable and easier for the operators by now licensing POGO hubs. Since it’s easier for us to regulate when they are in hubs, then there are some special privileges there like five-year licenses,” PAGCOR chair Andrea Domingo said.

According to Kevin Wong, General Manager of Oriental Game, the Clark hub which is covering an area of around 10 hectares is already operational and will be able to accommodate 5000 workers once at full capacity. The Cavite hub, which will cost Oriental Game Php8 billion (US$156 million) to build, will cover 20 hectares and house 20,000 workers.

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