Hoiana is one of Vietnam’s trio of beachfront casino resorts. (Company provided photo)
Best in class beachfront casino resorts may lift Vietnam into the first tier of Asian gaming destinations. The Grand – Ho Tram outside Ho Chi Minh City, Hoiana near UNESCO World Heritage site Hoi An and Corona on the island of Phu Quoc set regional benchmarks gaming (and non-gaming) by the sea.
The listed arm of Suncity owns 34% of central Vietnam beachfront resort Hoiana. (Photo provided by Hoiana)
Once dominant in Macau’s junket business, Suncity has fallen on hard times. Founder Alvin Chau’s late November arrest toppled its junket business and nearly that entire segment of the Macau gaming economy. Last week, the non-junket listed arm of Suncity reported a US$83 million loss in 2021, casting “significant doubt on the group’s ability to continue as a going concern.”
Amid the devastation, Vietnam beachfront casino resort Hoiana should prove Suncity’s lasting positive legacy. The listed side of Suncity owns 34% of Hoiana, a US$4 billion project soft opened in June 2020, 15 minutes drive from Hoi An, a UNESCO World Heritage site. As travel restrictions ease across Asia, Hoiana appears poised for success, whatever happens with Suncity.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is editor at large for Inside Asian Gaming, a contributor to Forbes, columnist/correspondent for Asia Times, and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Succeeding his late father Cheng Yu-tung at the head of the Chow Tai Fook/New World empire, Henry Cheng has expanded the family’s role in casinos beyond Macau into Vietnam, Australia and the Bahamas while becoming a billionaire in his own right.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Under the direction of Joey Lim, first grandson of legendary Genting Group founder Lim Goh Tong, Australia listed Donaco International says it wants to play in Japan’s casino game, building on success with Chinese customers in Vietnam and Thai customers in Cambodia.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
North Korea’s aggressive missile testing and nuclear ambitions casts a shadow over the opening of US$1.1 billion Paradise City outside Seoul. South Korea’s deployment of the US THAAD missile defense system in response has led to a boycott by Chinese tour groups, the resort’s target market.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Muhammad Cohen 