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

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

Building casinos that are new Vietnam is sold with all kinds of government roadblocks

For reasons uknown, in Asian and Russian countries, they like to zone off their casinos. Every thing has to be in a designated ‘economic zone,’ perhaps indian dreaming slot machine online game showing that a lot of things in these nations aren’t designed to make big money, at the least not if they’re legal.

New Gambling Enterprises on the Runway

Vietnam fits this mold, and legal casinos are still a concept that is fairly new, not to mention almost exclusively aimed 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 view by the Japan Times wants to create a fresh casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province into 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 checking here.

If he will get ‘er done, Tuyen would be one of only 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 casino investors that are most has been the somewhat odd dictum by the Vietnamese government that a the least US$4 billion be committed to any projected resort-casino plan; a quantity that is pretty daunting for also well-funded builders in the gaming industry these days. Continue reading