• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Vietnam’s Laguna resort to name casino op in 2016

Jun 18, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


Vietnam’s Laguna resort to name casino op in 2016

The developer of Vietnam’s Laguna Lăng Cô beach resort on Wednesday said it was unlikely to make an announcement before 2016 on a gaming operator partner to run a casino planned for the second phase of the project.

A request for concept (RFC) was issued in May to develop an “integrated entertainment project” – including a casino – at the resort.

“The selection of a gaming operator is expected to coincide with the convening of the National Assembly in early 2016 and subsequent discussions about how to proceed with gaming and tourism development, and the creation of a more robust regulatory regime and gaming licensing policy,” said Laguna Lăng Cô in a press release.

Vietnam’s National Assembly is the country’s legislative body. It usually convenes twice a year. But a resolution adopted this month on the law-making agenda for next year scheduled three plenary meetings for 2016, including the last sitting of the 13th legislature and two sittings for the new legislature, according to local media reports.

Vietnam’s government is reportedly considering a draft decree that would ease gaming-related regulation, including the possibility of allowing local citizens to enter casinos under certain conditions.

The Laguna Lăng Cô resort (pictured), a tourism project in Vietnam’s Thua Thien-Hue province, opened in April 2013. Phase I of the resort was comprised of a 57-villa Banyan Tree resort, 229 room Angsana resort and luxury residences. It has an 18-hole golf course and a conference centre.

Banyan Tree is a hotel brand of Singapore-listed hotel and resort developer Banyan Tree Holdings Ltd. Banyan Tree Capital (BTC), the hotel group’s investment arm, will be overseeing the RFC process for Laguna Lăng Cô’s integrated resort .

“Phase IIA will include additional luxury accommodations and the possible addition of a gaming facility,” the developer said in Wednesday’s statement. The gaming complex however still requires the necessary approval from Vietnam authorities.

“Few people outside of the Asian hospitality industry realise the breadth and scope of Laguna Lăng Cô. The project is similar to Laguna Phuket – only master planned on a far grander scale,” said Andrew Klebanow, a partner at Global Market Advisors LLC.

Global Market Advisors was hired as “strategic procurement advisors” for the RFC process and conducted the gaming market assessment for Laguna Lăng Cô.

“The addition of a games club will only enhance the vacation experience for guests staying at Laguna Lăng Cô,” added Mr Klebanow.


  • tweet
Related articles
  • U.S. operator Century Casinos dips toe in Vietnam
    U.S. operator Century Casinos dips toe...

    Apr 26, 2018  

  • Japan casino floor limit to be set by govt: report
    Japan casino floor limit to be set by...

    Apr 19, 2018  

More news
  • Macau gaming staff satisfaction down in 2018: survey
    Macau gaming staff satisfaction down in...

    Apr 26, 2018  

  • Las Vegas Sands has strong 1Q growth in Macau, Singapore
    Las Vegas Sands has strong 1Q growth in...

    Apr 26, 2018  


Latest News

U.S. operator Century Casinos dips toe in Vietnam

U.S. operator Century Casinos dips toe in Vietnam

Apr 26, 2018  

U.S.-listed Century Casinos Inc says that an Austrian unit has acquired 51 percent of a firm with the right to operate a small gaming machine hall at a hotel in Vietnam’s Cao Bang province. The...
Read More
Macau gaming staff satisfaction down in 2018: survey

Macau gaming staff satisfaction down in 2018: survey

Apr 26, 2018  

Las Vegas Sands has strong 1Q growth in Macau, Singapore

Las Vegas Sands has strong 1Q growth in Macau, Singapore

Apr 26, 2018  

Slideshow

Macau casinos celebrate Chinese New Year

Interviews

  • BMM prepped for Macau EGM regulation update: White
    BMM prepped for Macau EGM regulation update: White

    Jan 04, 2018  

    BMM Testlabs “ticks all the boxes” with regard to its...
  • Japan, Cambodia, Vietnam casino biz to watch: Klebanow
    Japan, Cambodia, Vietnam casino biz to watch: Klebanow

    Dec 08, 2017  

    The regulated casino industry is well versed in dealing...
  • Cloud services, e-Sports highlights of MGS 2017: Chun
    Cloud services, e-Sports highlights of MGS 2017: Chun

    Oct 23, 2017  

    The presence of some of the leading cloud computing...
  • Crunch time for Tokyo casino option: Caesars exec
    Crunch time for Tokyo casino option: Caesars exec

    Jul 11, 2017  

    The Tokyo local election setback for Japan’s governing...
  • Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo
    Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo

    Jul 06, 2017  

    A multibillion U.S. dollar casino project on Vietnam’s...

Pick of the Day

"As CEO, I am not interested in looking at the rear-view mirror… I am only focused in the future"

Matt Maddox

Chief executive of Wynn Resorts and Wynn Macau



Most Popular

  • Macau regulator approves Lucky 6 side bet for baccaratMacau regulator approves Lucky 6 side bet for baccarat April 25, 2018
  • Wynn Macau Ltd profit doubles, peninsula revamp soonWynn Macau Ltd profit doubles, peninsula revamp soon April 25, 2018
  • Macau Legend plans min US$300-mln further Laos inputMacau Legend plans min US$300-mln further Laos input April 24, 2018

Copyright 2017 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us