New electronic table games installed at Vietnam casino
Hong Kong-listed Asia Pioneer Entertainment Holdings says it has installed a total of 50 electronic table games at a gaming venue in Vietnam.
GGR Asia reports that Club99 at the Furama Resort Danang will include several gaming products from Slovenian maker Spintec d.o.o.
They were: Karma GEN2 automated roulette; video baccarat; and multi-baccarat, according to a Wednesday press release.
APE said this was “the first multi-baccarat” product from Spintec to be deployed in a gaming venue in Southeast Asia.
APE has a core business of distribution, sales and servicing for casino slot machines and electronic table games.
Club99 was recently renovated to mark this month its 10th anniversary, according to the release,
The revamped venue opened to customers on July 18.
The release quoted Vicky Chan, APE’s assistant general manager of sales and marketing, as saying the product placement at Club99 gave the APE group a “tremendous opportunity” to “introduce to new audiences” the gaming technology of its partner companies.
APE sought to maintain its “strategic position” in the Southeast Asia market via “innovative games”, providing players with “elite customer service and fostering mutually-beneficial relationships with our partners,” Ms Chan said.
APE had recently placed products – including from Spintec and Konami Australia – at the Hoiana casino resort in Vietnam.
In May, APE reported a net loss of just under US$530,000 for the first quarter, more than double that of the prior year quarter.
The company said its results had been affected by the outbreak of COVID-19.
Vietnam resort project delayed due to coronavirus
The chief of Asia’s leading casino junket operator Suncity Group has said the company’s affiliated integrated resort project in Vietnam is pushing back its launch date by a year.
Calvin Ayre reported in March that Suncity Group Holdings said a separate, but linked firm from junket operator Suncity group released its 2019 unaudited financial results last Friday.
The Hong Kong-listed company’s revenue hit US$86.1 million last year, down 22.8 per cent from 2018’s result, while gross profit tumbled 57.8 per cent.
The Holdings company currently makes most of its cash through commercial property development and VIP gambler travel services, but is increasingly focused on casino management.
Cash outlays toward expanding these casino management operations are largely responsible for the company’s recent losses.
Speaking of, Suncity announced that the Hoiana integrated resort project in Vietnam, which is a joint venture in which it holds a 34 per cent stake, is pushing back its official launch until sometime next year due to the uncertainties caused by the coronavirus pandemic.
Construction of Hoiana is expected to be completed sometime in the second quarter and the property will conduct an “exclusive preview” this summer.
Suncity boss Alvin Chau said his company’s long-term confidence in Vietnam’s casino market “remains positive” despite the current flight and visa disruptions.
Elsewhere, Suncity recently announced that it had obtained shareholder approval for a $200 million payment from its Suntrust Home Developers subsidiary to Westside City Resorts World, a joint venture with Travelers International Hotel Group that is building an integrated resort in Manila’s Entertainment City gaming zone.
Suncity said piling works for the project were underway and a ground-breaking ceremony would be held “soon”.
Suncity also said it is looking to put down firmer roots in South Korea, having signed a memorandum of understanding with foreigners-only casino operator Paradise Co Ltd on a “possible cooperation on Paradise’s casino in Busan.