Vietnam

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.

While Vietnamese citizens will be able to gamble at certain domestic casinos come mid-March, proving they meet the minimum income requirement will be difficult for some.

Vietnam has confirmed certain designated integrated resorts will allow locals to gamble for a three-year trial basis as part of the government’s new regulations for the industry.

Vietnamese punters will finally be able to place wagers on international football matches from the end of March as a result of a new decree release by the government on Friday.

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