• 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

Vietnam’s Laguna resort gets casino licence

May 25, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Vietnam’s Laguna resort gets casino licence

Vietnam’s Laguna Lăng Cô beach resort (pictured), in Thua Thien Hue province, has been awarded a casino licence by the country’s government. The information was confirmed to GGRAsia by a senior executive of a gaming operator interested in developing a casino at the beach resort.

The Laguna Lăng Cô project, located on the country’s north central coast, opened in April 2013. Phase one consisted of a 57-villa Banyan Tree resort, 229-room Angsana resort and an 18-hole golf course.

According to travel trade business publication TTG Asia, the casino licence was presented to the executive chairman of Banyan Tree Holdings Ltd, Ho Kwon Ping, during the Vietnam-Singapore Business Forum 2018, in late April.

Banyan Tree is a hotel brand of Singapore-listed hotel and resort developer Banyan Tree Holdings. Banyan Tree Capital, the hotel group’s investment arm, oversaw the request for concepts (RFC) process for Laguna Lăng Cô’s pursuit of a so-called integrated resort, i.e., a property including non-gaming leisure facilities as well as a casino.

TTG Asia quoted Banyan Tree Holdings’ Mr Ho as saying: “Many hotel investors and development funds have been awaiting the casino licence and the selection of a casino operator before finalising their investment into [the property’s second phase].”

U.S.- based casino operator and hospitality business Hard Rock International Inc had been shortlisted as the potential gaming partner for the resort after participating in a 2015 RFC process.

Daniel Cheng, Hard Rock’s senior vice president for casino business development in Asia, confirmed to GGRAsia this month that the Laguna Lăng Cô developer had been awarded a casino licence.

The executive had previously said that the company was willing to begin construction as soon as Vietnam’s national government nodded the casino licence.

Under the proposal for Laguna Lăng Cô 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 the second, third and fourth phases of the project. The Laguna Lăng Cô expansion is expected to be completed by 2022, with the aggregate investment increasing to US$2 billion, according to its promoter.


  • tweet
Related articles
  • Jeju still studying online gaming for its casinos: govt
    Jeju still studying online gaming for...

    Jun 24, 2022  

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

    May 03, 2022  

More news
  • Only 2 Macau satellites closed as concessions extended
    Only 2 Macau satellites closed as...

    Jun 29, 2022  

  • LVS full recovery may take until 2024: Moody’s
    LVS full recovery may take until 2024:...

    Jun 29, 2022  


Latest News

Only 2 Macau satellites closed as concessions extended

Only 2 Macau satellites closed as concessions extended

Jun 29, 2022  

Only two of Macau’s 18 satellite casinos – the Rio Casino and the President Casino – have closed amid changes to the city’s regulatory system for such properties, and against...
Read More
LVS full recovery may take until 2024: Moody’s

LVS full recovery may take until 2024: Moody’s

Jun 29, 2022  

Satellite casino ops still to Dec 31 at Casa Real, Grandview

Satellite casino ops still to Dec 31 at Casa Real,

Jun 29, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"There is still no clarity about when border easing for Macau will occur. In the end these changes are needed to see a rebound for Macau business"

Vitaly Umansky, Louis Li and Shirley Yang

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Macau casino Covid tests from Fri, ops pay for staff testsMacau casino Covid tests from Fri, ops pay for staff tests June 28, 2022
  • China quarantine easing good signal for Macau: analystsChina quarantine easing good signal for Macau: analysts June 29, 2022
  • SJM to make 2nd of pledged staff subsidy payments for 2022SJM to make 2nd of pledged staff subsidy payments for 2022 June 27, 2022
  • Moody’s confirms SJM Holdings’ ratings, negative outlookMoody’s confirms SJM Holdings’ ratings, negative… June 27, 2022
  • MGM China gets deal for use of MGM brands renewedMGM China gets deal for use of MGM brands renewed June 27, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us