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Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Building casinos that are new Vietnam comes with all kinds of government roadblocks

For whatever reason, in Asian and Russian countries, they like to zone their casinos off. Everything needs to be in a designated ‘economic zone,’ perhaps indicating that many things in these national nations are not designed to make serious cash, at the very least not if they’re legal.

New Gambling Enterprises on the Runway

Vietnam fits this mold, and legal gambling enterprises continue to be a concept that is fairly new, not forgetting almost exclusively targeted at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile businessman that is vietnamese Hong Tuyen, listed as a CEO to look at by the Japan Times wants to construct a new casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province within the northeast region of Vietnam. He also wants to get a gambling house going in Ha Long City on nearby Tuan Chau island, next to a marina that is new will be checking there.

If he could possibly get ‘er done, Tuyen would be one of just a handful of developers to crack the bureaucracy grid that has long kept Vietnam lagging behind its Asian brethren in this arena. A huge sticking point for casino investors that are most has been the significantly odd dictum by the Vietnamese government that a minimum of US$4 billion be dedicated to any projected resort-casino plan; a quantity that is pretty daunting for also well-funded builders in the gaming industry today. Подробнее…

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