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

Building new casinos in Vietnam comes with a myriad of government roadblocks

For whatever reason, in Asian and Russian countries, they like to zone off their casinos. Every thing has to be in a designated ‘economic zone,’ perhaps showing that most things in these national nations are not meant to make a lot of money, at 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, as well as 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 watch by the Japan Times wants to build a brand 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 area of Vietnam. He also desires to get a gambling house going in Ha Long City on nearby Tuan Chau island, next to a marina that is new will be opening up there.

If he will get ‘er done, Tuyen would be one of only a handful of designers to crack the bureaucracy grid that has long kept Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for casino investors that are most happens to be the notably odd dictum by the Vietnamese government that a the least US$4 billion be devoted to any projected resort-casino plan; a number that is pretty daunting for even well-funded builders in the gaming industry today. (more…)

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

Building new casinos in Vietnam comes with a myriad of government roadblocks

For whatever reason, in Asian and Russian countries, they like to zone off their casinos. Every thing has to be in a designated ‘economic zone,’ perhaps showing that most things in these national nations are not meant to make a lot of money, at 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, as well as 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 watch by the Japan Times wants to build a brand 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 area of Vietnam. He also desires to get a gambling house going in Ha Long City on nearby Tuan Chau island, next to a marina that is new will be opening up there.

If he will get ‘er done, Tuyen would be one of only a handful of designers to crack the bureaucracy grid that has long kept Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for casino investors that are most happens to be the notably odd dictum by the Vietnamese government that a the least US$4 billion be devoted to any projected resort-casino plan; a number that is pretty daunting for even well-funded builders in the gaming industry today. (more…)