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

VietnamWednesday, Jul 19, 2017

The provincial committee of Thua Thien-Hue is asking the government’s permission to increase the investment capital of the Laguna Lang Co project to US$2 billion, as well as to open a casino in the complex.

VietnamSunday, Jul 02, 2017

The Ho Tram Project Company (HTP) has inked a Memorandum of Understanding with a Vietnam-based natural gas distributor in a move towards cleaner, greener power.

VietnamThursday, Jun 29, 2017

Adverse changes in the regulatory environment in Vietnam have prompted Success Dragon to terminate its Greyhound operation agreements in Vietnam.

VietnamFriday, Jun 23, 2017

A subsidiary of Suncity Group Holdings, Goal Summit Ltd, has signed a MOU with Suncity International Holdings to acquire the entire equity interest in and shareholders loan to Star Admiral Ltd., a company involved in an integrated resort project in Hoi An South in Vietnam.

VietnamThursday, Jun 15, 2017

The third phase of the Ho Tram Strip project is set to start development some time in 17Q4, said Ho Tram Project Company (HTP) in a press release on Thursday.

VietnamWednesday, May 31, 2017

Vietnam’s Ministry of Finance has been given the authority to grant casino and gaming service licenses in the country, under a newly-issued circular.

VietnamTuesday, May 30, 2017

Customs officials in Ho Chi Minh City have seized a 1.5-tonne shipment of illegal gambling machines.