Vietnam

Vietnam should consider establishing red-light districts in the special economic zones where local gambling is permitted, says a top lawmaker in Vietnam.

Commercial banks will be allowed to trade and provide foreign exchange services related to casinos from October.

The Ho Tram Project Company Ltd (HTP) has announced the launch of KAHUNA Ho Tram Strip condotel and villa project.

Goal Summit Ltd, a subsidiary of Suncity Group Holdings, is set to acquire a 34 percent stake in an integrated resort project in Hoi An South for an aggregate consideration of HK$600 million ($76.8 million).

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year.

 

 

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.



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The provincial committee of Thua Thien-Hue is asking the government’s permission to increase the investment capital of the Laguna Lang Co project to US$2 billion, as well as to open a casino in the complex.

The Ho Tram Project Company (HTP) has inked a Memorandum of Understanding with a Vietnam-based natural gas distributor in a move towards cleaner, greener power.

Adverse changes in the regulatory environment in Vietnam have prompted Success Dragon to terminate its Greyhound operation agreements in Vietnam.

A subsidiary of Suncity Group Holdings, Goal Summit Ltd, has signed a MOU with Suncity International Holdings to acquire the entire equity interest in and shareholders loan to Star Admiral Ltd., a company involved in an integrated resort project in Hoi An South in Vietnam.

The third phase of the Ho Tram Strip project is set to start development some time in 17Q4, said Ho Tram Project Company (HTP) in a press release on Thursday.

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