Vietnam giant conglomerate Sun Group has been officially selected by the Quang Ninh province authorities to develop a $2 billion integrated resort in Van Don that is likely to allow locals to gamble.
According to a report by The Investor, the provincial authorities ‘recently issued a document approving Van Don Sun Joint Stock Company’ as the investor.
This comes after the project received in-principal approval from the nation’s prime minister towards the end of June.
The project, spanning over 224 hectares, is set to include a casino, hotels, apartments, shopping, offices and conference centers.
The casino will likely allow locals as part of a pilot plan.
While the project overall has an operating period of 70 years, it is expected to be put into operation nine years from the date of the allocation of the land lease.
The Sun Group is also the primary developer of Vietnam’s only privately-owned airport – Van Don International Airport.
