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 is sold with a myriad of government roadblocks

For reasons uknown, in Asian and Russian countries, they like to zone off their casinos. Everything needs to be in a designated ‚economic zone,‘ perhaps indicating that many things in these nations aren’t meant to make serious cash, at least not if they’re legal.

New Casinos on the Runway

Vietnam fits this mold, and legal casinos are still a concept that is fairly new, and of course almost solely directed 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 view by the Japan Times wants to construct a fresh casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province in the northeast region of Vietnam. He also would like 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 here.

If he can get ‚er done, Tuyen would be one of just a handful of designers to crack the bureaucracy grid that has very long held Vietnam lagging behind its Asian brethren in this arena. A huge sticking point for casino investors that are most is the notably odd dictum by the Vietnamese government that a minimum of US$4 billion be committed to any projected resort-casino plan; a quantity that is pretty daunting for even well-funded builders in the gaming industry these days. „Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam“ weiterlesen