Building new casinos in Vietnam comes with a myriad of government roadblocks
For reasons uknown, in Asian and Russian countries, they like to zone their casinos off. Everything has to be in a designated ‘economic zone,’ perhaps indicating that a lot of things in these national nations aren’t supposed to make serious cash, at least not if they’re legal.
New Gambling Enterprises on the Runway
Vietnam fits this mold, and legal gambling enterprises continue to be a fairly new concept there, and undoubtedly almost solely 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 construct a brand 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 here.
If he will get ‘er done, Tuyen would be one of just a handful of developers to crack the bureaucracy grid that has long kept Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for many casino investors is the significantly odd dictum by the Vietnamese government that the the least US$4 billion be dedicated to any projected resort-casino