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8 Companies licensed casino business in Vietnam

Wednesday 13, 12 2017
Casino business in Vietnam has so far been a conditional business and has been under strict control of State Management Agencies. As of 08 August, there were 8 businesses being licensed casino business for foreign players.
8 Companies licensed casino business in Vietnam
In early 2017, the Government issued a Decree on casino business. The pilot project allows the Vietnamese to play at casino venues for three years, then decision on whether to continue to allow Vietnamese people to play or not will be considered. However, the Draft Economic Development Plan specifically allows all three Special Economic Zones of Van Don, Bac Van Phong and Phu Quoc to develop large-scaled casino projects, opening the business opportunities in Vietnam.

Casino business in Vietnam has so far been a conditional business and has been under strict control of State Management Agencies. As of 08 August, there were
8 businesses being licensed casino business for foreign players.

According to the Ministry of Finance, these casinos are licensed with a total of 408 tables and 4570 slot machines. In addition, there are about 30 other bonus clubs opened in hotels and resorts across the country. According to the Regional Sustainable Development and Research Institute, eight casinos operating in Vietnam reached total revenue of VND1.379 trillion in 2014 and paid VND336 billion in taxes.

 
NO. CASINO MANAGEMENT NUMBER OF LICENSED TABLES/ SLOT MACHINES NUMBER OF OPERATING TABLES/SLOT MACHINES
TABLES SLOT MACHINES TABLES SLOT MACHINES
1 Do Son Casino Hai Phong International Tourist Company Limited Non-regulated Non-regulated 10 50
2 Lilai International Club Hai Ninh Lai Lai - Quang Ninh Joint Venture Company 14 100 7 100
3 Royal Ha Long Casino Royal International Joint Stock Company - Quang Ninh 18 70 11 70
4 Aristo Casino Lao Cai International Hotel Joint Venture Company 8 300 8 45
5 Crown Da Nang Casino Silvershore International Special Tourist Co. Hoang Dat - Da Nang 8 100 8 100
6 Ho Tram Strip Casino, Ba Ria – Vung Tau Ho Tram Project Ltd., a subsidiary of Asian Coast Development Limited (ACDL) 180 2000 90 630
7 Hoi An Casino, Quang Nam VinaCapital, Chow Tai Fook (Hong Kong) and The Suncity Group (Macau) 140 2000    
8 Hong Van Mong Cai Casino Hong Van Hotel Joint Stock Company 18 70    
TOTAL 408 4570 134 995

Casino is one of the driving forces of tourism development in many economies in the world.

“Players normally come through Travel Agencies (TA). These TAs make different arrangements and Vietnam can consider their conditions to ensure attracting customers, competing with other countries. Once that is done, Vietnam can become an ideal destination for tourists, not just for casino players. "- Michael Kelly, senior president of the Canadian Coastal Asian Coast Development Ltd (ACDL), investor of Ho Tram Strip project.

 
-Forbes Vietnam-
Categories:
Business

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