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. Every thing needs to be in a designated ‘economic zone,’ perhaps showing that most things in these nations are not supposed to make a ton of cash, at the least not if they’re legal.
New Casinos on the Runway
Vietnam fits this mold, and legal casinos are still a fairly brand new concept there, and undoubtedly almost exclusively aimed 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 build a new casino project via his Tuan Chau Groupand its US partners in 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, next to a marina that is new will be opening there.
If he could possibly get ‘er done, Tuyen would be one of only a handful of designers to crack the bureaucracy grid that has long kept Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for casino investors that are most is the notably odd dictum by the Vietnamese government that the minimum of US$4 billion be devoted to any projected resort-casino plan; a quantity that is pretty daunting “Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam” の続きを読む