Betting on local gambling

Vietnam’s steadily expanding gaming industry is seen as having among the best potential in Asia, with a pilot scheme allowing locals to gamble for the first time expected to spur further interest from international investors. Towards the end of 2018, the government gave the final nod for a three-year experiment that will allow Vietnamese into a casino resort on Phu Quoc island in the far south of the country. The casino will form part of a US$2.1 billion hotel and entertainment complex and will open its doors on January 19. The main investor is Phu Quoc Tourism Investment and Development Jsc, a company in which Vingroup, the country’s largest conglomerate, holds a 50 percent stake. In May 2017, Netherlands-based Upffinity Gaming Management signed an exclusive agreement to manage the casino at the Corona Integrated Resort, which includes a Radisson Blue hotel, a Vin Oasis hotel, a Safari and Amusement park, convention center,...

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