• 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 province asks Hanoi to nod beach resort casino

Jul 19, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


Vietnam province asks Hanoi to nod beach resort casino

Provincial authorities in Thua Thien Hue have asked for the central government’s blessing to increase the investment capital threshold for the Lang Co Laguna beach resort to US$2 billion and to allow a casino there, according to the VietNam News outlet.

The figure of US$2 billion is the qualifying spend required for a Vietnam casino resort to be considered eligible – under the terms of a government decree in January – to take part in a three-year trial under which economically-qualified local gamblers would be accepted as patrons.

The Lang Co Laguna project (pictured), located on the country’s north central coast, currently has registered capital of US$875 million and is spread over 280 hectares (692 acres), according to Tuesday’s report.

Under the proposal submitted to the central authorities in Hanoi, the casino facility is likely to have a capital cost of nearly US$250 million and be implemented in second, third and fourth phases of the project.

The news outlet reported that – according to the submitted proposal – Vietnam’s Ministry of Defence and the country’s Ministry of Culture, Sports and Tourism have respectively already approved the plan.

The resort’s first phase, which carried a price tag of US$200 million, became operational in 2013. It included a 57-villa Banyan Tree resort, a 229-room hotel under the Angsana brand, and an 18-hole golf course and conference centre.

A number of Vietnam gaming resort projects have already said they are vying for the right to serve local players. They include Hoi An South, an under-construction central coast scheme in Quang Nam province, backed by entities linked to Macau junket investor Suncity Group; and the already operational Ho Tram Strip, which recently announced a third phase of development.


  • tweet
Related articles
  • Suncity listco books 2020 profit, but flags Hoiana drag
    Suncity listco books 2020 profit, but...

    Mar 30, 2021  

  • Casino op Summit Ascent names David Chua CEO
    Casino op Summit Ascent names David...

    Mar 30, 2021  

More news
  • Jeju Lotte casino shut, ready for permit swap to Dream Tower
    Jeju Lotte casino shut, ready for...

    Apr 09, 2021  

  • GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s
    GEN Sing 2022 EBITDA to be below 2019...

    Apr 09, 2021  


Latest News

Jeju Lotte casino shut, ready for permit swap to Dream Tower

Jeju Lotte casino shut, ready for permit swap to Dream Tower

Apr 09, 2021  

Lotte Tour Development Co Ltd has closed its Jeju Lotte Tour Casino on the southern coast of the South Korean holiday island of Jeju, with effect from Friday morning. That was in preparation for...
Read More
GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s

GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s

Apr 09, 2021  

Guangdong urges cross-border bet criminals to surrender

Guangdong urges cross-border bet criminals to surrender

Apr 09, 2021  

Lawrence Ho awarded US$10mln in Melco Resorts shares

Lawrence Ho awarded US$10mln in Melco Resorts shares

Apr 09, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


110,000

Total number of suspects "apprehended" by Chinese police since 2020 as part of its anti- cross-border gambling operations



Most Popular

  • GEN Malaysia may deleverage within 2 years says FitchGEN Malaysia may deleverage within 2 years says Fitch April 7, 2021
  • Macau daily visit volume down 17pct m-o-m for April 2 to 6Macau daily visit volume down 17pct m-o-m for April 2 to 6 April 8, 2021
  • Moody’s expects MGM, Wynn to pursue large IR development Moody’s expects MGM, Wynn to pursue large IR development  April 8, 2021
  • China bans travel for 89, says some had overseas bet linksChina bans travel for 89, says some had overseas bet links April 6, 2021
  • Studio City new water park launches May 22: MelcoStudio City new water park launches May 22: Melco April 1, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us