Month: August 2025

Việt Nam

Sun Group officially selected as Van Don $2B casino developer

Posted on by Admin VietNamGaming

01-10-2020 |  

Vietnam giant conglomerate Sun Group has been officially selected by the Quang Ninh province authorities to develop a $2 billion integrated resort in Van Don that is likely to allow locals to gamble.

According to a report by The Investor, the provincial authorities ‘recently issued a document approving Van Don Sun Joint Stock Company’ as the investor.

This comes after the project received in-principal approval from the nation’s prime minister towards the end of June.

The project, spanning over 224 hectares, is set to include a casino, hotels, apartments, shopping, offices and conference centers.

The casino will likely allow locals as part of a pilot plan.

While the project overall has an operating period of 70 years, it is expected to be put into operation nine years from the date of the allocation of the land lease.

The Sun Group is also the primary developer of Vietnam’s only privately-owned airport – Van Don International Airport.

Source: AGBrief

Tin mới
Tin khác
To Top

Việt Nam

Vietnam proposes doubling casino entry levy for locals instead of proof of income

Posted on by Admin VietNamGaming

01-10-2020 |  

Vietnam’s Ministry of Finance is proposing to increase the casino entry levy on locals by 2-2.5 times instead of requiring proof of income.

This comes amongst a trial scheme to allow locals to gamble in specific venues in the country – currently limited to Corona Resort & Casino.

The proposed measure would double that of daily entries to VND2.5 million ($95), while that of monthly passes would increase by 2.5 times to VND50 million ($1,900).

The ministry indicated to media that punters have found it difficult to provide documentation regarding their income, particularly when sporadically pursuing the activity.

The proposed changes also would require casinos to retain customer data for a minimum of five years for review and verification.

The move comes as Vietnam ponders extending the finished local gambling pilot program in Phu Quoq as well as allowing locals entry to a future integrated resort in Van Don (Quang Ninh province).

Van Don recently was approved for an IR project with a casino, which mandates a $2 billion investment for a 70-year license.

Source: AGBrief

Tin mới
Tin khác