07 Sep 2018
Macau’s leading junket operator Suncity Group, a company listed on the Hong Kong Stock Exchange, has entered into a partnership with locally-registered firm Golden Sun Sky to provide consultancy services in the construction of a resort in Sihanoukville.
“The directors believe that entering into this strategic partnership agreement will expand the company’s footprint in Cambodia, in addition to the integrated resort projects in Vietnam,” Suncity said in a recent filing to the Hong Kong Stock Exchange.
Total investment in the resort, which is owned by Golden Sun Sky, is estimated at $360 million.
The resort will occupy an area of 650,000 square meters in Sihanoukville’s popular Otres Beach and will contain gaming facilities, Suncity said. The developers aim to have the resort operational by the end of 2019.
Sihanoukville is located in Preah Sihanouk province, in the country’s coast. Last year, the province welcomed nearly 2 million tourists – 1.5 million of those visitors came from overseas.
The province is a hotbed of gaming activity in the country. The majority of Cambodia’s 100 casinos are located in Preah Sihanouk.