Macau (MNA) – Suncity Group Holdings announced that its wholly-owned subsidiary offically signed a strategic partnership agreement with Golden Sun Sky Entertainment Co., Ltd. (Golden Sun Sky) in Cambodia for consultant and management services in a future resort in Sihanoukville.
The projected resort will be located at Otres Beach, Sihanoukville, Cambodia, and is expected to be operational in the first quarter of 2020 with the agreement with Golden Sky including a US$360 million investment in the project by Suncity.
The property will include around 550,000 square metres floor areas and will include establish a casino, hotel accommodations, commercial units, residential complex and sports facilities.
The agreement was signed between the Chairman of Suncity Group Holdings Limited, Alvin Chau, and the President of World Jingpo Chamber of Commerce Mr Dong Lecheng on behalf of Golden Sun Sky, in a ceremony on September 29.
Golden Sun Sky Entertainment Co., Ltd is registered company in Cambodia authorised to open hotels, casino centres, duty free market and sport betting facilities in the Sihanoukville Province, Cambodia.