ï»¿Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam
Building new casinos in Vietnam is sold with all sorts of government roadblocks
For some reason, in Asian and Russian countries, they like to zone their casinos off. Every thing needs to be in a designated ‘economic zone,’ perhaps showing that a lot of things in these countries are not designed to make a lot of cash, at the very least not if they’re legal.
New Gambling Enterprises on the Runway
Vietnam fits this mold, and legal gambling enterprises remain a fairly new concept there, and of course almost solely targeted at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile businessman that is vietnamese Hong Tuyen, listed lucky nugget canada as a CEO to look at by the Japan Times wants to create a brand new casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province in the northeast area of Vietnam. He also wants to get a gambling house going in Ha Long City on nearby Tuan Chau island, adjacent to a marina that is new will be opening up there.
If he could possibly get ‘er done, Tuyen would be one of only a handful of designers to crack the bureaucracy grid that has very long held Vietnam lagging behind its Asian brethren in this arena. A huge sticking point for casino investors that are most is the notably odd dictum by the Vietnamese government that the minimum of US$4 billion be committed to any projected resort-cas […]