Building casinos that are new Vietnam includes a myriad of government roadblocks
For whatever reason, in Asian and Russian countries, they like to zone their casinos off. Everything has to be in a designated 'economic zone,' perhaps indicating that most things in these countries are not designed to make big money, at the very least not if they're legal.
New Casinos on the Runway
Vietnam fits this mold, and legal casinos are still a concept that is fairly new, not to mention almost exclusively targeted 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 view by the Japan Times wants to build a fresh casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province within the northeast area of Vietnam. He also wants to get a gambling house going in Ha Long City on nearby Tuan Chau island, next to a marina that is new will be opening up here.
If he will 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 was the somewhat odd dictum by the Vietnamese government that the minimum of US$4 billion be focused on any projected resort-casino plan; a number that is pretty da (mais…)