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Suncity Group Announces 2021 Outlook

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Striding Towards a Bright Future

 

MACAU – Media OutReach – 5 January 2021 – Under the impact of the COVID-19 pandemic, 2020 was a very difficult year for the world. In the face of the severe challenges, Suncity Group has been working hard to achieve its vision of sustainable development in all areas. With its philosophy of “Innovating With Diversity, Striving For Success”, the Group strives to develop its business in the fields of VIP services, entertainment, global tourism, food and beverage, luxury fashion, etc., and is committed to becoming a leading integrated resort operator, with the expansion of its global hotel and resort management business as its core focus. At the same time, as an enterprise rooted in Macao and backed by our motherland, it is one of Suncity Group’s priorities to promote Macao as the “Creative City of Gastronomy”. With this in mind, the Group has actively and successfully expanded its food and beverage business to the Mainland, promoting cooperation between enterprises of Macao and of the Mainland. Also, HOIANA, the Group’s feature project in Vietnam, will serve as a bridge to introduce Vietnam’s culture of gastronomy to the Mainland, in response to national policies of “going global” and “bringing in”.

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HOIANA, Suncity Group’s first integrated resort set to open its doors in 2021

Tigre de Cristal will focus on developing local Russian clientele, Japanese and Korean travellers as the target source market

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Suncity Group prepares to further expand its food and beverage business in the Mainland

Suncity Group is committed to bringing in the finest food culture to the Mainland

 

Leveraging on its experience in resort and hotel management, Suncity Group has been actively expanding its global hotel and resort management business and marching towards the goal of becoming an internationally renowned integrated resort operator. Year 2021 will see the grand opening of the Group’s first integrated resort HOIANA, with all facilities set to open their doors at the same time. Among the wide array of facilities included the entertainment facilities of Hoiana Suncity, the golf course of Hoiana Shores designed by renowned architect Robert Trent Jones Jr., and the 4 luxury hotels managed and operated by Rosewood Hotel Group – Hoiana Hotel & Suites, New World Hoiana Hotel & Residences, KHOS Hoiana and Rosewood Hoi An, offering over 1,000 guest rooms.

 

Located in central Vietnam, the integrated resort HOIANA is only 40 km away from the Da Nang International Airport, with its 3-km coastline and a stunning sea view. The first phase of HOIANA covers an area of over 165 hectares, with the second phase project commencing in 2021. Utilizing its unique coastline, the next phase of the resort will focus on increasing the number of guest rooms as well as the expansion of retail areas, including beach resorts and a Vietnamese Village. Future developments also include facilities such as water and adrenaline park, observation deck, etc., all with the aim to create the finest entertainment hub of Southeast Asia. At the same time, taking advantage of its geographical location, HOIANA will target at bringing in tourists from Southeast Asia as its main source markets in the future. Suncity Group believes that HOIANA will bring significant revenue and sustainable development prospects, and is a demonstration of its determination to gradually evolve into an integrated resort operator and actively expand its resort management business.

 

In addition, through Suncity Group Holdings Limited (1383.HK), Suncity Group is now the single largest shareholder of Summit Ascent Holdings Limited (102.HK), and participates in both operations of Tigre de Cristal Resort Phase I in Vladivostok, Russia and the development of the resort’s second phase. Currently, Tigre de Cristal Phase I is the largest integrated resort in Russia, with a positive trend in business and revenue growth driven by the local Russian clientele. Set to open for preview in late 2022 and grandly open in 2023, the Phase II development project will also commence in 2021, doubling the number of entertainment facilities as well as tripling the number of guest rooms. The project will also add to the resort 4 new restaurants and bars, premium outlet and duty free shopping, multi-functional area, and a beach club and spa. Thanks to its prime location in Northeast Asia, Tigre de Cristal will be well suited for Japanese and Korean travellers. In the future, the Group will focus on developing local Russian clientele, while introducing Japanese and Korean travellers to the resort as the target source market.

 

Through the acquisition of Suntrust Home Developers, Inc. (Stock Code: SUN:PM), Suncity Group is also actively engaging in the development of the Westside City Integrated Resort in the heart of Entertainment City in Manila, Philippines. The project covers an area of over 20 hectares and is set to open its doors before 2023, creating the hub of entertainment of Philippines together with our local partners.

 

Moreover, Suncity Group is expanding into East Asia to further target at Japanese and Korean travellers, with plans to develop resorts in Miyako Island of Okinawa and Niseko of Hokkaido in Japan, with construction to begin in 2021. The Group plans to build a resort hotel in the Yonaha Maehama Beach Area, which is known as “the most beautiful beach in the East”, in Miyako Island of Okinawa, Japan and is expected to complete in 2023. The resort will provide 100 hotel rooms and 40 private villas with their own pools, as well as a variety of special water sports, including stand-up paddling, snorkelling and deep diving. In addition, the Group plans to build a luxury resort in Niseko of Hokkaido, Japan, which owns the reputation as one of the “Top 10 Ski Resorts in the World”. With development plans in the works in 2021, the project will cover an area of approximately 20 hectares, combining the natural beauty of Niseko and convenient leisure amenities. The completion of these new integrated resorts will serve as a testament to Suncity Group’s determination to become Asia’s leading integrated resort operator and an enterprise rooted in Macao that is actively responding to the national policy of “going global”.

 

Adhering to the spirit of patriotism, Suncity Group has been actively supporting the policy of the Macao Special Administrative Region Government, placing the development of the Motherland as our top priority. Through the business expansion of Sun Food and Beverage in the Mainland, Suncity Group aims to bring in the best of foreign cultures and contribute to the country’s prosperity. Since last year, Sun Food and Beverage established 8 restaurants in Chengdu and Chongqing, including “Danang Vietnamese Cuisine”, “Pho Thuy”, “Bangkok Cock” and “Đồ ăn vỉa hè Hoi An Danang”. Together with HOIANA, invested by Suncity Group Holdings Limited in Central Vietnam, the Group strives to introduce Vietnam’s culture of gastronomy to the Mainland.

 

In order to further expand its footprint in the Mainland, Sun Food and Beverage is preparing to open more quality branded restaurants in 2021. In the meantime, Sun Food and Beverage has successfully created new cooperation opportunities for the catering industry in Macao and the Mainland by taking initiative to organise investment visits to the Mainland. Currently, Sun Food and Beverage is actively supporting the “Luzu Temple District Renovation Project” of Chongqing as the company plans to open at the site more branded restaurants presenting Vietnamese cuisine, not just to increase company revenue, but also to help reinvigorate the old district. In addition, Sun Food and Beverage is preparing to set up a joint venture with Macao’s catering industry and open 3 restaurants in the area, bringing Macao-style hot pot, Portuguese cuisine and local desserts to Chongqing. This move not only enriches Mainland’s catering market, but is also a way to support the Macao Special Administrative Region Government’s core effort to promote Macao as “Creative City of Gastronomy”.

 

In the entertainment sector, Sun Entertainment Culture Limited has been actively expanding its entertainment-related businesses, covering film productions, online films, concerts and other commercial performing arts. In 2021, Sun Entertainment Culture Limited will expand its footprint in Southeast Asia through its subsidiaries in Japan and Malaysia, and is also enthusiastically preparing for the full recovery of the film industry this year. Currently, productions of film and TV drama invested by the Group from last year have been completed and are scheduled to be released in 2021, including “Limbo” starring Gordon Lam, which is scheduled to participate in international film festivals, “Dust to Dust” starring Gordon Lam and Da Peng, “Mom, Don’t Do That” produced by and starring Alyssa Chia. In addition, Sun Entertainment Culture Limited will be producing Macao’s first action and car racing film this year, with Han Han as producer of the film. For the acclaimed films “SPL: Sha Po Lang” and “Paradox”, production of the sequels “SPL III: War Needs Lord” and “Paradox II” will also begin in 2021.

 

As Alvin Chau, Chief Executive Officer and Director of Suncity Group stated, the tough year 2020 is now in the past. With the new COVID-19 vaccines being distributed worldwide, the global economy is expected to soon recover, which will be conducive to a strong growth of the motherland and Macao’s social, economic and tourism sectors in 2021. At the same time, staying true to the core values of patriotism, he understands that the prosperity of Macao and the country are inextricably linked. In the future, Suncity Group will continue to look forward to a prosperous future together with the country and Macao by vigorously upholding and following the long-term direction of the country in all aspects.

 

High-resolution images can be downloaded in the gallery:

https://dropbox.suncity-group.com/url/ztw4svj4hfr3hcs4

 

About Suncity Group

Suncity Group was founded in 2007. Since establishment, Suncity Group has been striving to provide the extraordinary VIP entertainment service for our guests, and we then opened a number of VIP Clubs in various 6-star hotels and resorts throughout Macau with the rapid growth of our business. Meanwhile, we successively set up exclusive VIP Clubs in Manila, Seoul, Incheon, Phnom Penh and Da Nang, etc.

 

Adhering to the spirit of “Innovating With Diversity, Striving For Success”, Suncity Group spared no effort to develop high-end entertainment services and products as well as roll out global VIP loyalty program for the selected members to enjoy entertainment, travel, catering services, luxury shopping and motion picture. Today, the scope of our business covers most sectors, especially in the fields of global travel, film production, concert and event planning, catering and luxury goods.

 

As a Macau born and bred enterprise, Suncity Group is not only devoted to develop the Asian market, but also oriented to expand the global network. In the future, we will surely continue to diversify our VIP entertainment services, attract more exclusive members and make every effort to promote our business in every corner of the world.

 

Official Website | www.suncitygroup.com.mo/en

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Black Knight's First Look: Mortgage Delinquency Rate Falls Below 6% for First Time in Nearly a Year, Yet 2.1M Homeowners Remain Seriously Delinquent

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JACKSONVILLE, Fla., Feb. 24, 2021 /PRNewswire/ — Black Knight, Inc. (NYSE: BKI) reports the following “first look” at January 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 5.85%
Month-over-month change: -3.82%
Year-over-year change: 81.84%

Total U.S. foreclosure pre-sale inventory rate: 0.32%
Month-over-month change: -3.92%
Year-over-year change: -30.89%

Total U.S. foreclosure starts: 5,900
Month-over-month change: -16.90%
Year-over-year change: -86.21%

Monthly prepayment rate (SMM): 2.63%
Month-over-month change: -16.54%
Year-over-year change: 109.12%

Foreclosure sales as % of 90+: 0.08%
Month-over-month change: 18.84%
Year-over-year change: -95.43%

Number of properties that are 30 or more days past due, but not in foreclosure: 3,130,000
Month-over-month change: -121,000
Year-over-year change: 1,425,000

Number of properties that are 90 or more days past due, but not in foreclosure: 2,090,000
Month-over-month change: -56,000
Year-over-year change: 1,671,000

Number of properties in foreclosure pre-sale inventory: 171,000
Month-over-month change: -7,000
Year-over-year change: -75,000

Number of properties that are 30 or more days past due or in foreclosure: 3,301,000
Month-over-month change: -128,000
Year-over-year change: 1,350,000

Top 5 States by Non-Current* Percentage

Mississippi:                        10.32%

Louisiana:                           9.90%

Hawaii:                                8.99%

New York:                            7.93%

Oklahoma:                            7.89%                                                   

Bottom 5 States by Non-Current* Percentage

Oregon:                               4.03%

Utah:                                    3.83%

Colorado:                             3.75%

Washington:                         3.71%

Idaho:                                   3.18%

Top 5 States by 90+ Days Delinquent Percentage

Mississippi:                          6.22%

Louisiana:                            6.20%

Hawaii:                                 5.81%

Nevada:                               5.51%

Maryland:                             5.12%                                                                                   

Top 5 States by 6-Month Improvement in Non-Current* Percentage

Utah:                                   -24.07%

New Jersey:                       -22.94%

Colorado:                            -21.05%

Florida:                               -21.00%

Alaska:                                -20.81%                                                                               

Top 5 States by 6-Month Deterioration in Non-Current* Percentage

Oklahoma:                          -2.03%

Arkansas:                            -2.08%

Iowa:                                   -3.05%

West Virginia:                     -3.77%

Nebraska:                           -4.98%                                                                                                       

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:

1)   Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

2)   All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.

For a more detailed view of this month's “first look” data, please visit the Black Knight newsroom.

The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at https://www.blackknightinc.com/data-reports/ by Mar. 8, 2021.

For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected].

About Black Knight

Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

For more information:

Michelle Kersch                                                                                              
904.854.5043                                                                                             
[email protected]                                                                         

Mitch Cohen 
704.890.8158
[email protected]

 

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SOURCE Black Knight, Inc.

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Bestow Lowers Pricing and Enhances Term Life Insurance Product Design to Serve More Customers

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DALLAS, Feb. 24, 2021 /PRNewswire/ — Bestow, the first full-stack life insurance platform, today announced product enhancements to reach and better serve the modern life insurance customer. The improvements include lower premium rates, larger coverage amounts, additional term length options, and expanded age eligibility.

Some Bestow applicants will receive premium rates reduced by as much as 40%, with pricing improved by at least 5% for most new customers. Additionally, policies offered through Bestow are now available in 10, 15, 20, 25 and 30-year term lengths, and the maximum coverage amount is now $1.5 million. The eligibility age has also been expanded to serve individuals ages 18 to 60.

“By developing the first entirely digital life insurance platform, we have scaled efficiencies while improving underwriting accuracy, which enables us to improve our already exceptional offerings,” said Melbourne O'Banion, Co-Founder and CEO of Bestow. “With these latest enhancements, we can help more families secure affordable life insurance protection that fits their specific needs.”

With Bestow, customers can apply online for life insurance in as little as 5 minutes and, if approved, start coverage immediately. A medical exam is never required. According to The Policygenius Life insurance Price Index, the average monthly price for a 20-year, $1 million term life insurance policy for a non-smoking, 35-year-old woman with a preferred health classification is $44.32 per month. With the latest premium improvement, that same policy purchased through Bestow would cost only $33.50 per month — providing industry-leading rates paired with a seamless, entirely digital buying experience.

To learn more about Bestow or to offer term life insurance to your customers, visit Bestow.com.

About Bestow
Bestow is the first full-stack life insurance platform, using technology to make coverage accessible to millions of underserved families. With Bestow, buying life insurance is 100% digital  — No doctors. No needles. Just coverage. As an omnichannel life insurance platform, Bestow powers best-in-class products and experiences for leading consumer brands. To learn more or to offer Bestow to your customers, visit Bestow.com.

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SOURCE Bestow Inc.

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Marcus Lemonis Partners With Zero Point Zero, A Leading Production Company In Film And Television

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CHICAGO, Feb. 24, 2021 /PRNewswire/ — Marcus Lemonis, investor, businessman and longtime host of The Profit on CNBC has made a significant investment in award-winning Zero Point Zero Production (ZPZ), founded by producers Lydia Tenaglia and Chris Collins.

Zero Point Zero's award-winning portfolio includes over 50 Primetime Emmy nominations and 15 wins, 33 Daytime Emmy Nominations and 14 wins, 12 James Beard Awards Nominations and 6 wins, a TCA and Peabody award, among many others.

Notably known for its award winning content spanning across film, documentaries, television and branded corporate work, ZPZ will expand their portfolio of non-fiction releases that will include shows focusing on Lifestyle (home, food, travel and fashion), Business (corporate branded work, custom corporate content, entrepreneurship, investing, personal finance and wealth management) and a 360 degree approach around Sports and the business of sports. Additionally, it will leverage its existing infrastructure by providing a creative environment for smaller and underexposed production entities who could benefit from such synergies.

“The ZPZ team, led by Lydia and Chris, are some of the most creative, thoughtful and forward thinking people I have worked with. They create content that makes people think about the importance of humanity,” said Marcus Lemonis. “They are masterful storytellers, and their work embodies integrity and creative excellence.”

“We had a wonderful opportunity to work with Marcus on our new critically acclaimed series, Streets of Dreams, last year,” Tenaglia stated. “We began discussing the prospect of a deeper partnership that would leverage our respective expertise. Marcus's business acumen and creative sense for content coupled with our production expertise is a powerful combination. And Marcus holds in high regard ZPZ's core mission: to empower visionaries, inspire action, and connect humanity.”

As part of its accelerated growth strategy, Lemonis, Tenaglia and Collins named long time Industry Executive, James Bolosh as President and Partner.

“James provides the historical expertise, the foresight and the work ethic to make us collectively better. He will help us streamline our efforts and focus on the future,” Tenaglia and Collins said.

Lemonis will serve as the company's Chairman. Lance Klein at WME will serve as the representative and agency of record on the Lemonis/Tenaglia/Collins partnership.

ABOUT MARCUS LEMONIS: 
Marcus Lemonis was born in war-torn Beirut, Lebanon in 1973; and, at nine months old, was adopted by a couple living in Miami, Florida. Marcus has long served as the Chairperson at Camping World and Gander RV & Outdoors. With his efforts, it is now America's #1 source for RVs, camping accessories, RV maintenance and repair. When he's not running his multibillion-dollar company, Marcus is focusing on his other passion by helping struggling businesses get back on their feet. He shows this process on his hit TV show, CNBC's The Profit, a past nominee for the 2018 Critic's Choice Award for Best Structured Reality Series.  Although he was not born in America, he is proud to be living the American Dream through hard work, determination and believing. With multiple ventures on his resume, Marcus can be seen sharing his knowledge through numerous business and entertainment television programs and speaking engagements. During the Covid-19 pandemic, Marcus launched The Business Learning Center, a free of charge, educational tool on his website aimed to help entrepreneurs succeed during challenging times. He simultaneously dedicated $50M towards the launch of The Lemon-Aid Foundation, his charitable mission of supporting and investing in underserved communities and small businesses. www.marcuslemonis.com

ABOUT ZERO POINT ZERO:
Zero Point Zero is a television, film, print and digital content company founded in 2003 by Executive Producers Chris Collins and Lydia Tenaglia.Since its inception, the company has produced hundreds of hours of documentary content in over 100 countries around the world, including the critically acclaimed, Emmy & Peabody Award winning series Anthony Bourdain: Parts Unknown, and United Shades of America with Kamau Bell (CNN); the Emmy Award winning The Mind of a Chef (PBS); Streets of Dreams with Marcus Lemonis (CNBC); as well as the Emmy nominated series: My Next Guest with David Letterman, and Somebody Feed Phil (Netflix). Feature documentary credits include: Jeremiah Tower The Last Magnificent (dist. by The Orchard); Wasted! The Story of Food Waste (dist by Neon SuperLTD); Stars in the Sky A Hunting Story (dist by Netflix); Fermented (Dist by Giant), and Fries! The Movie (dist by Peacock).

Marcus Lemonis Contact:
Andrea Vividor[email protected]

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SOURCE Marcus Lemonis

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