The Hoiana, which will be Vietnam’s largest integrated resort, is planning to open in late 2019 and will have more than 100 tables and 300 gaming machines.
In a presentation at the ASEAN Gaming Summit, Hoiana’s assistant vice president casino marketing, Mary Mendoza, said the three-phase resort will include three luxury hotels with more than 1000 hotel rooms in Phase 1, retail space, a golf course and food and beverage outlets.
The property is being developed by Macau’s biggest junket, Suncity Group, local investment group Vinacapital and VMS.
The property will be “slightly bigger” than Singapore’s Resorts World Sentosa.
The resort is located in central Vietnam, which is seen as one of the most promising areas for casino investment in the country. The area is well connected to surrounding countries through international flights from Danang.
Industry experts estimate that an existing casino in the area, the Crown International Club, generates in excess of $550 million.
Under Vietnam’s recently revised gaming legislation, developers must invest a minimum of $2 billion in their resorts.