Macau Junket King Plans to Invest Billions in Japan, Vietnam
- Suncity ‘actively’ seeks partner for $10 billion Japan resort
- Biggest VIP operator in Macau wants to own or manage casinos
Suncity Plans a Big Move Into Japan
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Macau’s biggest junket operator wants to be more than a middleman lender for Chinese high rollers, so it’s spending billions of dollars to transform itself into an overseas casino operator on par with Las Vegas Sands Corp. and Wynn Resorts Ltd.
Suncity Group, which operates VIP rooms where monthly bets recently surpassed HK$130 billion ($17 billion), is looking for partners in Japan after investing in a Vietnam resort scheduled to open in 2019. The company’s international plans include owning stakes in casinos and bidding on contracts to manage others’ casinos.