Building new casinos in Vietnam includes a myriad of government roadblocks
For whatever reason, in Asian and Russian countries, they like to zone their casinos off. Every thing needs to be in a designated ‘economic zone,’ perhaps showing that many things in these national nations are not meant to make big money, at the very least not if they’re legal.
New Gambling Enterprises on the Runway
Vietnam fits this mold, and legal casinos are still a fairly brand new concept here, not forgetting almost exclusively aimed at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile Vietnamese businessman Dao 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 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, adjacent to a new marina that will be opening here.
If he can get ‘er done, Tuyen would be one of only 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 most casino investors happens to be the somewhat odd dictum by the Vietnamese government that a the least US$4 billion be dedicated to any projected resort-casino plan; a number that is Read More