Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam
Building casinos that are new Vietnam comes with all kinds of government roadblocks
For reasons uknown, in Asian and Russian countries, they like to zone their casinos off. Every thing needs to be in a designated ‘economic zone,’ perhaps indicating that most things in these national countries aren’t designed to make a ton of cash, at the very least not if they’re legal.
New Casinos on the Runway
Vietnam fits this mold, and legal gambling enterprises remain a concept that is fairly new, and of course almost exclusively targeted at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile businessman that is vietnamese Hong Tuyen, listed as a CEO to view by the Japan Times wants to construct a fresh casino project via his Tuan Chau Groupand its US partners in the Van Don Administrative Economic Zone in Quang Ninh province within the northeast region of Vietnam. He also really wants to get a gambling house going in Ha Long City on nearby Tuan Chau island, adjacent to a marina that is new will be opening up here.
If he could possibly get ‘er done, Tuyen would be one of just a handful of developers to crack the bureaucracy grid that has long held Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for casino investors that are most happens to be the somewhat odd dictum by the Vietnamese government that the the least US$4 billion be focused on any projected resort-casino plan; a quantity that is pretty daunting for also well-funded builders in the gaming industry these days. Continue reading “Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam”