Sun Group chosen as sole operator in Van Don

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, local media reports.

In a document signed by Nguyen Van Thanh, deputy chairman of the Quang Ninh People’s Committee on April 17, the chairman confirmed that “Sun Group is the province’s strategic developer, and was chosen by the province to report to the prime minister as the only developer of the luxury resort-entertainment complex with a casino, according to the master plan approved by the prime minister, and allowed to pilot allowing Vietnamese citizens to play in the casino,” according to news outlet VietnamNet Bridge.

It was reported in March that the Van Don Economic Zone would see up to two casino developments, with the other being developed by FLC Group Joint-stock Co., which planned for a $2 billion casino resort over a total of 4,000 hectares.

However, according to the latest master plan, only Sun Group’s resort and park project in Van Yen commune will be allowed to include a casino in the zone.

More news from this jurisdiction

VietnamMonday, May 29, 2017

Vietnamese police have cracked down on an online gambling ring with related transactions worth nearly US$62 million.

VietnamTuesday, May 16, 2017

Prime Minister Nguyen Xuan Phuc reportedly met with his advisors on Tuesday about potentially allowing locals to enter the casino at Grand Ho Tram.

VietnamWednesday, Mar 29, 2017

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

VietnamMonday, Mar 27, 2017

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.

VietnamWednesday, Mar 22, 2017

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.

VietnamTuesday, Mar 14, 2017

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.

VietnamSunday, Mar 05, 2017

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