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 new casinos in Vietnam comes with all sorts of government roadblocks

For whatever reason, in Asian and Russian countries, they like to zone their casinos off. Everything needs to be in a designated ‘economic zone,’ perhaps showing that most things in these nations aren’t supposed to make a ton of cash, at the very least not if they’re legal.

New Casinos on the Runway

Vietnam fits this mold, and legal gambling enterprises are still a fairly brand new concept there, and undoubtedly almost exclusively directed 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 view by the Japan Times wants to create a brand new casino project via his Tuan Chau Groupand its US partners in the Van Don Administrative Economic Zone in Quang Ninh province into the northeast region of Vietnam. He also really 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 opening there.

If he could possibly 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 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 the least US$4 billion be committed to any projected resort-casino pl Continue reading Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam