Vietnam

Vietnam’s proposals to overhaul its casino legislation are now in the hands of the government for final approval in a step that could be a game changer for the industry, and that of neighboring Cambodia.

The Grand Ho Tram principal investor Philip Falcone met with Vietnam’s minister of planning and investment during his visit to the United States.

According to a press release, during the meeting, Falcone discussed the steps to expand development of The Grand Ho Tram and increase investment in the region, while the Minister provided his perspective and advice on how The Grand can build upon its success to date and attract greater domestic and international tourism to the Ba Ria-Vung Tau Province.

South Korean investor, G.O.Max I&D Company is pursuing a project to build a horse racetrack in northern Vinh Phuc province in Vietnam.

Asian Coast Development Ltd. (ACDL), developer of The Grand Ho Tram, has announced the appointment of Mr. Tony Podesta and Ms. Loretta Pickus to its board of directors.

Vietnam’s southern province of Ba Ria-Vung Tau has agreed in principle to allow the Ho Tram Project Co Ltd to construct a small airport used exclusively for the integrated resort complex.

In June, Vietnam took the long-awaited step and sent a draft decree that could pave the way for locals to gamble to the National Assembly. There’s been much speculation over the impact a change in the law will have for both Vietnam and neighboring Cambodia’s casino industries and whether Vietnam will finally be able claw back revenues lost over the border.

In June, Vietnam took the long-awaited step and sent a draft decree that could pave the way for locals to gamble to the National Assembly. There’s been much speculation over the impact a change in the law will have for both Vietnam and neighboring Cambodia’s casino industries and whether Vietnam will finally be able claw back revenues lost over the border.



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Asian casino operator Donaco International Limited reported net profit of A$77.2 million ($58.2 million) in the fiscal year ended June 30, driven by strong operational results from Star Vegas and Aristo.

The finance ministry of Vietnam is seeking the government’s approval to legalize sports betting under a plan that has been criticized for keeping the maximum stake far too low.

According to an unnamed finance ministry official, the ministry would submit the proposal to the government this month. 

However, the plan has been criticized for its measly daily cap, a $45 a day limit.

A $4 billion real-estate project in Ho Chi Minh City, whose investors include former president and chief operating officer of Las Vegas Sands William Weidner, may face trouble.

Vietnam’s long-delayed draft casino bill has finally been submitted to the government in a move many in the industry say will be a game changer for the country’s gambling industry. 

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