Indochina’s winners and losers

Over the past 20 years, parts of Indochina have become a hotbed for casino gaming. Yet while this corner of Southeast Asia can be a challenging environment and not a guaranteed license to print money, certain casino operators have struck gold there. Arguably two of the region’s biggest winners are Crown International Club in Danang, Vietnam and NagaWorld in Phnom Penh, Cambodia. So how have they managed to do so well? If we take Crown International Club first, this property’s number one asset is that it is situated in a desirable location on Vietnam’s coast, less than seven kilometers from Danang International Airport. The country’s third-busiest airport offers scheduled direct flights to and from major cities across Asia, including Bangkok, Tokyo, Singapore, Seoul, as well as nine destinations in Mainland China. Junkets also lay on regular charter flights for VIPs from China to Danang, where they are greeted by warm weather,...

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