Published
Land-BasedCasinoLegal & Regulatory

New $2bn Vietnam casino project proposed

Local authorities in Khánh Hòa, Vietnam, have recommended a new $2.24bn casino project be given the green light.

natrangvietnam

Local media report that the proposed resort would be based on Hon Tre, an island near the provincial capital of Nha Trang, and would be the second such casino to be approved in the region.

In accordance with national regulation, the project will require the asset of the Vietnam politburo and prime minister before it can go ahead. Before this, however, a tourism and socio-economic assessment will need to be conducted, according to the Ministry of Finance.

It's understood that Vinpearl, a hospitality firm and part of the Vingroup conglomerate, is a prominent backer of the project. The company hopes that the gradual opening of the Vietnamese gaming market to locals offset any market saturation worries.

At present a pilot scheme allowing residents to partake in gambling activities is only in operation at the Corona Resort and Casino. A to-be-finalised location in Quảng Ninh will also be part of the scheme.

However, despite the ongoing Covid pandemic, and its associated impact on international travel, operators have been lobbying authorities to allow the nation-wide admission of residential bettors.

It is not yet known if any new casino resorts would be part of the local gaming pilot scheme.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...