Daily Asia Gaming eBrief: Sun Group to develop $2 billion IR in Van Don, Vietnam

Wednesday 29th of November 2023

Sun Group to leverage experience for local and foreigner with $2 billion casino project in Van Don

Good Morning. All eyes are again on Vietnam, as a $2 billion proposed integrated resort in Van Don, equipped with a casino, is raising eyebrows. Expert Ben Lee points out that Sun Group is behind the project, leveraging its extensive real estate and hospitality experience, and taking advantage of the new airport it built in the area. Meanwhile, in Macau, SJM has officially opened its Palazzo Versace hotel, marking the latest attempt by the company to place the Grand Lisboa Palace on the map.

What you need to know

Sun Group leveraging its growth for a $2 billion integrated resort in Van Don. Expert Ben Lee looks at the possibilities in this week's Under the Scope.
SJM officially opened Palazzo Versace Macau, its latest addition to the Cotai integrated resort on Tuesday.

On the radar

Visa-free policy with few impacts on Malaysia's gaming industry: Maybank.
Macau hotel occupancy rate tops 82.8 percent in October.
Emperor Entertainment reports turnaround to $1.5 mln in profit in 1H23.
Miriam Adelson selling $2 billion in LVS stock to buy sports franchise.

AGB Intelligence

UNDER THE SCOPE

Van Don Economic Zone, Vietnam, Sun Group, Casino project

$2bln Van Don casino project to be run by Sun Group

Real estate developer and Vietnamese hospitality giant Sun Group is set to be the developer of the proposed $2 billion integrated resort, featuring a casino, in Van Don - in northeastern Vietnam's Quang Ninh province. In this week's Under the Scope, expert Ben Lee points out how the group is well-positioned to take advantage of being one of two companies in the nation to allow locals to gamble, while also leveraging junket play.

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