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 all kinds of government roadblocks

For some reason, in Asian and Russian countries, they like to zone their casinos off. Everything has to be in a designated ‘economic zone,’ perhaps showing that a lot of things in these countries are not meant to make lots of money, at the least not if they’re legal.

New Casinos on the Runway

Vietnam fits this mold, and legal gambling enterprises remain 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 look at by the Japan Times wants to create a fresh casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province into the northeast area 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 opening here.

If he will get ‘er done, Tuyen would be one of merely 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 is the significantly odd dictum by the Vietnamese government that the the least US$4 billion be devoted to any projected resort-casino plan; a number that is pretty daunting for also well-funded builders in the gaming industry today. Continue reading “Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam”