Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Building new casinos in Vietnam comes with a myriad of government roadblocks

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

New Casinos on the Runway

Vietnam fits this mold, and legal gambling enterprises remain a fairly new concept there, not to mention 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 new 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 desires to get a gambling house going in Ha Long City on nearby Tuan Chau island, adjacent to a new marina that will be opening up here.

If he can get ‘er done, Tuyen would be one of merely a handful of designers to crack the bureaucracy grid that has long held Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for casino investors that are most was the notably odd dictum by the Vietnamese government that the the least US$4 billion be committed to any projected resort-casino plan; a quantity that is pretty daunting for even well-funded builders in the gaming industry these days. Continue reading →