Vietnam

Vietnam’s casino industry took a giant step forward at the beginning of 2017, publishing new legislation that has been more than seven years in the making and opening a crack in the door for locals to gamble.

Vietnamese locals will finally be able to gamble at selected casinos in the country starting from next month, according to local media reports.

Suncity Group Holdings on Wednesday confirmed its plans to acquire a 34 percent stake in a US$4 billion integrated resort project located in Hoi An, Vietnam.

The rising cost of acquiring new online players is forcing operators in Asia to ramp up their customer relationship management (CRM) capabilities in a bid to build deeper bonds and gain more value from existing customers.

 

The rising cost of acquiring new online players is forcing operators in Asia to ramp up their customer relationship management (CRM) capabilities in a bid to build deeper bonds and gain more value from existing customers. In the past, limited competition and high volumes have provided little incentive for Asia facing operators to build a long-term clientele, but that is changing fast. 

 



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The chief executive officer of state-owned lottery company, Vietnam Lottery Co. Ltd. (Vietlott) resigned earlier this month, according to an announcement from the Ministry of Finance.

Localization is fast becoming a key battleground for online operators looking to expand across fast-growing Asian markets.

 

Localization is fast becoming a key battleground for online operators looking to expand across fast-growing Asian markets. While online gaming is still a long way from reaching maturity in Asia, consumers in the region’s grey markets are becoming more discerning and less likely to accept an English-only dot com website. Market leader bet365 now offers its website in 18 different languages, while SBOBET supports a range of Asian languages, including Chinese, Japanese, Korean, Thai, Indonesia, Burmese and Vietnamese.

 



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Vietnam’s casinos and slot parlors are likely generating between $800 million to $1.2 billion in annual gross gambling revenue, although a long-awaited locals program may be too timid to provide much of a further boost.

Suncity Group Holdings on Friday announced that it has entered into a Technical Services Agreement with the developer of the integrated resort in the Quang Ninh Province in 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.

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