Building casinos that are new Vietnam includes all kinds 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 showing that many things in these national countries are not supposed to make serious cash, at the least not if they’re legal.

New Gambling Enterprises on the Runway

Vietnam fits this mold, and legal gambling enterprises remain a fairly brand new concept here, not forgetting almost solely 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 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 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 could possibly get ‘er done, Tuyen would be one of just a handful of developers to crack the bureaucracy grid that has very long kept Vietnam lagging behind its Asian brethren in this arena. A huge sticking point for most casino investors was the somewhat odd dictum by the Vietnamese government that a minimum of US$4 billion be committed to any projected resort-casino plan; a num Read more