Sun Group, a leading Vietnamese developer, has been approved to construct a $2 billion casino-tourism complex in Quang Ninh province.
According to The Investor, the project, located in the Van Don Economic Zone, encompasses 244.45 hectares and includes a casino, hotels, resorts, shopping centers, and conference facilities. It will allow Vietnamese citizens to gamble under specific regulations.
The complex aims to position Van Don as a major entertainment destination, comparable to Macau and Las Vegas, and is expected to enhance tourism in the region. With an operating period of up to 70 years, the project is slated to begin operations nine years after land allocation.
Quang Ninh is already home to several significant developments by Sun Group, including the Van Don International Airport and various entertainment facilities.
The company is also pursuing additional projects in Ho Chi Minh City and other provinces, highlighting its expansive growth in Vietnam’s real estate and tourism sectors.
