Three Vietnamese resorts could be eligible for gaming licenses if they can amass a capitalization of $2 billion or more. According to GGRAsia, the country’s Ministry of Finance clarified that under its guidelines, only those projects would qualify for licensure.
Among them is Van Don in Quang Ninh Province near the border with China, backed by the Sun Group. The project reportedly had a total initial investment capital of nearly VND47.482 trillion (just under US$2 billion). Planners have proposed a 536-hectare (6,266-acre) property with a luxury hotel, an international conference center, a golf course, a safari and a museum as well as a casino that could be open to locals.
In 2018, Laguna Lăng Cô in Thua Thien Hue Province pledged an investment of VND45.103 trillion (US$1.835 billion), or US$260 million for Phases 1 and 2. According to VietnamNet, Covid-19 interfered, causing the project to be delayed.
A third resort at Cam Ranh in Khanh Hoa Province also falls short, with a reported investment of VND46.371 trillion (US$1.887 billion). That resort is due to open in 2025, but right now, cannot plan to offer casino gaming among its attractions.
