Vietnam

Vietnam-based property developer Sun Group has been confirmed as the only company allowed to develop and operate a casino in the Van Don Economic Zone.

Success Dragon International Holdings Ltd has announced it has decided to terminate a business cooperation contract with the Le Merdien Hotel in Vietnam.

While Vietnamese citizens are allowed to gamble in local casinos under a new three-year pilot scheme, local residents have yet to set foot into any gaming venue due to lack of guidance.

FLC Group Joint-stock Co., co-founded by billionaire Trinh Van Quyet, said it has received permission to invest $2 billion in a casino resort from the northern provincial government of Quang Ninh in Vietnam.

International casino operators are reportedly taking another look at Vietnam in the wake of newly introduced gambling legislation, while existing operator Donaco International is reporting a much improved performance.

A court in Ho Chi Minh City has sentenced a Singaporean national to 14 months and 24 days in jail for his role in an illegal online gambling ring targeting Vietnamese citizens, local media reports.

Casino operator Las Vegas Sands says it will continue to look for opportunities to invest and develop an integrated resort in Vietnam.

Hong Kong-listed Sun Century Group Ltd. has announced it plans to provide consultancy, advisory and technical services for an integrated resort project in Vietnam.

Australia-listed Donaco International posted higher profit in the first half of FY17, up 5 percent to A$14.8 million (US$11.4 million), according to a filing to the ASX on Thursday.

International casino operators have their eyes on Vietnam again after the latest gaming decree opened up casinos to locals.

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