The VinaCapital Group announced this week information in regards to a casino project the company has been working on for some time. A $4 billion integrated tourism and leisure destination is in the works in the province of Quang Nam in the area of Hoi An. The venue has a new name, Hoiana, with the first phase of the project opening in the first quarter of 2019.
The new gaming venue will be located on beachfront property near the UNESCO World Heritage site of Hoi An. The first phase of Hoiana will consist of a hotel with 445 guest rooms as well as just over 200 residential apartments. New World Hotels of Hong Kong will operate this area of the resort. The property will also include a Rosewood luxury resort on site with 75 villas and 25 residences. A casino and golf course will be included in the first phase of the project.
Because of Hoiana and its many features to be completed over the next few years, the government of Vietnam have begun to move plans for expanding the Danang International Airport along to accommodate the number of tourists expected in the area due to the new hotel, residential and lifestyle zones.
Hoiana is a project being completed by a partnership that includes VinaCapital along with Gold Yield Enterprises and the Suncity Group. Gold Yield Enterprises is actually a subsidiary of Chow Tai Fook Enterprises while the Suncity Group is a junket operator of Macau. In the beginning, VinaCapital was partnered with Genting of Malaysia but Genting decided to drop out of the partnership back in 2012.
The project chairman of Hoiana, Don Lam, stated that the project represents a new benchmark for high-end tourism in Vietnam. Lam feels that Hoiana will eventually be regarded as one of the most renowned resort destinations in Asia and will bring about a self-contained world of entertainment as well as leisure, pleasure and luxury.