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Vietnam continuing to review casino and betting legislation
Authorities in Vietnam are reportedly still reviewing their legislation in regards to casinos and betting, with a ministry official noting that further regulations could be put in place in order to stay up with the times. According to local news outlets, there has been positive feedback regarding...
Sun Group officially selected as Van Don $2B casino developer
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...
Vietnam proposes doubling casino entry levy for locals instead of proof of income
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...
Vietnam approves $2B Van Don casino project, local access still pending
Vietnam’s Deputy Prime Minister Tran Hong Ha has approved the Van Don integrated resort and casino project in Quang Ninh province, marking a significant development in the country’s gaming landscape. The decision, signed on June 27th, 2025, greenlights an investment of $2 billion for a...
MoF reports on casino businesses’ financial losses
The report outlines that the accumulated revenue from 2019 to 2023 of this project reached more than VNĐ6.4 trillion (US$259.1 million), contributing roughly VNĐ3.8 trillion ($153.8 million) to the State budget. Illustrative photo by VNA The Ministry of Finance has reported on the casino business...
Locals program unlikely to be expanded, despite Covid
Appeals from Vietnam’s casino owners to allow locals to gamble are likely to fall on deaf ears despite plummeting revenue due to the closure of international borders. Vietnam Ha Long Bay Although foreign investor interest is strong in Vietnam, the market is complicated, with government...
Danang Finance Center part of $8 billion investment by IPPG
A few more details have become available regarding the international finance center to be built in Danang, which is set to feature a trading center, casino, and high-end entertainment and luxury apartments. According to the city’s Investment Promotion Agency (IPA), Huynh Thi Lien Phuong said the...
Macau estimates cut, Korea lags and Weidner eyes Danang
For those of you just returning to your desks after the Easter break, it’s been a busy few days in terms of news in the Asian gaming industry, from a potential new mega project in Vietnam, to the latest on the impact of the Covid pandemic and more details about Japan’s casino regulation. But...
Suncity cutting costs at Hoiana, seeks expansion ops.
Suncity Group Holdings says it’s putting cost cutting initiatives in place to enable its flagship Hoiana resort in Vietnam to ride out the pandemic storm and continues to explore international opportunities. Suncity reported that it returned to profit for 2020, despite a 67.4 percent drop in...
Vingroup’s “sleepless city” IR to open April 21
Vietnam real-estate giant Vingroup Group has announced it will officially open its long-awaited $2.8 billion Phu Quoc United Center on April 21, 2021. Covering more than 1,000 hectares, and with 24/7 resort and shopping offerings, the Phu Quoc United Center is said to be the country’s first...most popular
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Jeju Dream Tower’s September casino revenue nearly doubles year-on-year
The Government Office has just announced the conclusion of Deputy Prime Minister Truong Hoa Binh about the meeting with leaders of Quang Ninh province on August 31. Regarding the investment policy of the high-end resort and entertainment complex project with casino in Van Don economic zone, the...