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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 includes all sorts of government roadblocks

For some reason, in Asian and Russian countries, they like to zone off their casinos. Everything has to be in a designated 'economic zone,' perhaps showing that most things in these nations are not designed 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 gambling enterprises remain a concept that is fairly new, as well as almost exclusively directed 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 watch by the Japan Times wants to create a 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 desires 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 up here.

If he will get 'er done, Tuyen would be one of merely a handful of designers 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 the the least US$4 billion be focused on any projected resort-casino plan; a quantity (mais…)

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