Suncity expanding clout in Asia with potential casino acquisitions

Hong Kong-listed company Suncity Group Holdings Ltd. is seeking to diversify its business from being the biggest gaming promoter to “pure gaming” by 2020.

GGRAsia reported that Suncity is busy window shopping for casinos in South Korea, the Philippines, Russia and Myanmar, which it hopes to acquire in the near future as part of the gaming firm’s diversification plans.

Suncity, which is considered to be the biggest gaming promoter in Asia, is also currently studying how to inject its present business model into its future casino ventures, according to Suncity Executive Director Andrew Lo Kai Bong.

In its 2017 annual report, Suncity presented some of its on-going projects such as property developments in Shenzhen, part of the mainland’s Guangdong province, and in China’s Anhui province. The junket operator also announced its plans for another property development in China’s Liaoning province.