Building new casinos in Vietnam is sold with a myriad of government roadblocks
For some reason, in Asian and Russian countries, they like to zone off their casinos. Every thing needs to be in a designated ‘economic zone,’ perhaps showing that many things in these national countries aren’t designed to make lots of money, at the least not if they’re legal.
New Gambling Enterprises on the Runway
Vietnam fits this mold, and legal casinos remain a fairly brand new concept here, and undoubtedly almost exclusively aimed 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 build a brand new casino project via his Tuan Chau Groupand its US partners in the Van Don Administrative Economic Zone in Quang Ninh province in the northeast area of Vietnam. He also wants to get a gambling house going in Ha Long City on nearby Tuan Chau island, adjacent to a marina that is new will be checking here.
If he will get ‘er done, Tuyen would be one of only a handful of developers to crack the bureaucracy grid that has very long held Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for casino investors that are most was the somewhat odd dictum by the Vietnamese government that a minimum of US$4 billion be focused on any projected resort-casino plan; a number Read more →