• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Phu Quoc integrated resort gets new hotel partner

Sep 20, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


Phu Quoc integrated resort gets new hotel partner

Carlson Rezidor Hotel Group says it has signed a contract with Vietnam’s Phu Quoc Tourist Investment and Development Joint Stock Co to manage a hotel at an “integrated resort” in that country under the branding Radisson Blu Resort Phu Quoc.

The term “integrated resort” is typically a euphemism in the investment community for a large-scale tourism facility including a casino.

The hotel group claims the resort, an under-construction resort in southern Vietnam on Phu Quoc’s Bai Dai beach area, is to have a casino that will be “the first in Vietnam to permit domestic entry”.

The assertion is contained in a statement from Carlson Rezidor Hotel Group issued earlier this month. There has been no official announcement from the Vietnam government regarding the locations chosen for such an experiment, which was first flagged in a January decree. It paves the way for selected domestic casinos to accept bets from Vietnamese gamblers, for a trial three-year period.

The hotel firm said its 522-room hotel at Phu Quoc was due to launch in the fourth quarter this year, but did not clarify when the casino at the resort would be launched. As of Wednesday, Radisson Blu’s bookings page said the hotel was due to open in December.

In describing facilities at the resort, Carlson Rezidor said: “Guests can also access the fully-equipped fitness centre, outdoor swimming pool, spa and a VIP lounge, as well as Casino Phu Quoc, the first in Vietnam to permit domestic entry.”

According to an August note from brokerage Union Gaming Securities Asia Ltd, Phu Quoc is the location for one of the three major new casino resorts currently under construction in that country, and one of the zones “guaranteed” to be part of a local-gambler pilot scheme in Vietnam.

Union Gaming estimates that currently Vietnam’s casino gross gaming revenue (GGR) nationally is worth between US$800 million and US$1.2 billion annually. Play by locals could help to increase annual GGR.

According to the statement from Carlson Rezidor, its managed property at Phu Quoc will be part of an “integrated resort” featuring a convention centre, safari park, theatre, water theme park, shopping mall, multiple restaurants and 27-hole golf course.

The group said it operated 118 hotels across Asia Pacific, including 51 Radisson Blu hotels, and planned to operate a further 76 venues in the region.


  • tweet
Related articles
  • Star Vegas closure at 2 year mark, CEO offers loan facility
    Star Vegas closure at 2 year mark, CEO...

    May 03, 2022  

  • Casino logistics group TKHS expands in Vietnam via JV
    Casino logistics group TKHS expands in...

    Apr 29, 2022  

More news
  • Macau ops share junket deposit liability: Macau top court
    Macau ops share junket deposit...

    May 16, 2022  

  • Macau repeat visitors denied visa by China says Bernstein
    Macau repeat visitors denied visa by...

    May 16, 2022  


Latest News

Macau ops share junket deposit liability: Macau top court

Macau ops share junket deposit liability: Macau top court

May 16, 2022  

Macau’s Court of Final Appeal announced on Monday sentences in relation to a total of nine cases concerning debt claims involving junket operators based at local casinos. In all the cases, the...
Read More
Macau repeat visitors denied visa by China says Bernstein

Macau repeat visitors denied visa by China says Bernstein

May 16, 2022  

Macau satellite profit model still in doubt: industry

Macau satellite profit model still in doubt: industry

May 16, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Any reduction in [Macau gaming] tax would be positive for future profits and cash flows, all else equal”

DS Kim, Amanda Cheng and Livy Lyu

Analysts at brokerage JP Morgan Securities (Asia Pacific)



Most Popular

  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
  • Macau modifies satellite owner plan, rev share ban staysMacau modifies satellite owner plan, rev share ban stays May 13, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • China bars 90,000 from travel in cross-border bet actionChina bars 90,000 from travel in cross-border bet action May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us