Good Morning. Vietnam’s Ministry of Finance has resubmitted a proposal for the Van Don casino plan, which has been pending for over a decade since the Politburo approved it. The project, led by the Sun Group, involves a $2.16 billion luxury casino and resort complex in Quang Ninh province, near Ha Long Bay. Meanwhile, Thailand’s entertainment complex bill could generate up to $5.5 billion in total output, according to a parliament report. In Australia, two northern casino operators have received instructions to appoint external auditors following scrutiny by AUSTRAC over AML/CTF controls.
What you need to know
- Vietnam re-proposes $2B Van Don casino near Ha Long Bay, with phased development and possible return of local gambling rights.
- Thailand’s casino-linked entertainment plan could add $5.5B to the economy, but uneven benefits and oversight worries remain.
- Two northern Australian casino operators are under scrutiny by AUSTRAC over AML/CTF controls, receiving instructions to appoint external auditors.
On the radar
- Macau May GGR totals $2.62 billion, the highest so far this year.
- IEC awards $18.6M Phase 2 contract for New Coast Manila casino upgrade.
- Ng Man Sung retires as Chairman and CEO of Century Entertainment.
- AGTech Holdings is expecting a $12.5M loss for the financial year.
AGB Intelligence
VIETNAM
Vietnam proposes local gambling at new Van Don casino complex
Vietnam’s Ministry of Finance has resubmitted a proposal for the long-awaited Van Don casino plan, originally approved by the Politburo over a decade ago. The project entails a VND51.5 trillion ($2.16 billion) luxury casino and resort complex in Quang Ninh province, strategically located near Ha Long Bay. Currently under review by Prime Minister Pham Minh Chinh, the investment will involve VND7.7 trillion ($297 million) from an investor, with the remainder financed through bank loans.
Corporate Spotlight
Bettorify bridges European operators to Asia’s gaming markets
With over 30% of global gaming revenue projected to come from Asia soon, the window of opportunity is wide open. Bettorify’s white-label and turnkey solutions deliver what most platforms miss: sharp execution backed by real local expertise.
Industry Updates
- Wynn highlights Macau’s diversity in Seoul to push international markets.
- QTech Games adds KA Gaming’s award-winning games to its platform.
- Evoplay launches 9-month network tournament with €2.5M prize po
INTELLIGENCE | ASEAN | CAREERS
