Slow but steady progress 

Vietnam Ha Long Bay
Vietnam Ha Long Bay

Vietnam’s gambling industry stayed largely out of the headlines in 2019, though projects have been inching their way forward, with the country’s largest resort to date scheduled to open in the first half of this year. In 2017, the country published new legislation to regulate the industry, easing restrictions on the amount of invested capital required from $4 billion to $2 billion and lifting caps on table numbers. It also introduced a three-year pilot program at two integrated resorts — one of which still has to be built — that would allow locals to gamble for the first time, providing they meet certain requirements, such as minimum monthly income of VND10 million ($433). The country, with its strong inbound tourism market and expanding economy, is viewed as a highly promising jurisdiction for international casino investors, though progress has been slow, with missteps along the way. According to Ben Lee, managing partner at...

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