Vietnam’s casino market officially has another entrant after the government issued a license to an affiliate of junket operator Suncity Group.

On Friday, the Hong Kong-listed Suncity Group Holdings – which shares ownership with the Suncity Group junket business – announced that its Hoiana casino resort joint venture in Quang Nam province had received its ‘casino operating license’ from Vietnam’s Ministry of Finance.

Suncity holds a 34% stake in the $4b Hoiana joint venture, with relatively equal shares held by real estate investment and development firm VinaCapital Group and Gold Yield Enterprises, a subsidiary of Hong Kong conglomerate Chow Tai Fook Enterprises.

Suncity says the Hoiana license is good through December 10, 2080, by which time everyone currently involved with the project – and likely some of their children – will be dead and buried. (Sorry … too much perspective?)