• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 25 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Vietnam confirms extension of Phu Quoc casino trial for locals until end-2024

Ben Blaschke by Ben Blaschke
Tue 27 Aug 2024 at 05:26
Corona shines

Corona Resort & Casino

48
SHARES
1.2k
VIEWS
Print Friendly, PDF & Email

The trial period under which locals are permitted to gamble at Corona Resort & Casino in Phu Quoc, Vietnam has officially been extended until the end of this year.

According to a report from VietnamNet, the Ministry of Finance recently submitted to the government a draft decree amending Clause 2, Article 12 of Decree No. 03/2017/ND-CP on casino business to extend the trial. The draft also provides any other casinos deemed suitable for a locals trial with a three-year trial period from the date they receive their Certificate of Eligibility.

At present, two locations, Phu Quoc in the south and Van Don in the north, have been approved to allow locals gaming although only Phu Quoc’s Corona is open for business. The property opened in January 2019 but its initial trial period was heavily impacted by the COVID-19 pandemic.

It has also been reported that Corona Resort & Casino has run at a loss since launch, generating revenues of just VND2.2 trillion (US$89 million) in 2023 and struggling to attract locals. Reported losses last year totaled VND 3.72 trillion (US$149 million).

According to VietnamNet, the property’s results will be properly examined by the Ministry of Finance in collaboration with the Ministry of Public Security, the Ministry of Planning and Investment, the Ministry of Culture, Sports and Tourism, the State Bank of Vietnam and the local People’s Committee upon completion of the trial to determine whether the trial should continue. If the government does not issue a resolution by the end of the trial period, the casinos involved will temporarily suspend allowing Vietnamese citizens to play, it adds.

The government previously conducted a review and assessment of Corona Resort & Casino’s performance between January 2022 and August 2023 following completion of the initial three-year trial period, with the Ministry of Finance submitting its proposal to the Prime Minister in June of this year to amend and supplement the casino law.

There are currently nine licensed casinos in Vietnam including three large-scale integrated resorts: Corona, whose casino is open to locals, plus The Grand Ho Tram and Hoiana, whose casinos are foreigner-only.

RelatedPosts

Vietnam asks PM to grant approval for US$2 billion Van Don casino development in Quang Ninh province

Local developer Sun Group approved to develop new US$2 billion integrated resort with locals gaming in Quang Ninh Province

Mon 18 Aug 2025 at 12:33
Vietnam’s only casino for locals sneaks into profit in first six months of operation

Vietnamese economists support loosening of locals casino gaming laws to improve oversight

Thu 14 Aug 2025 at 05:33
Vietnam gaming

Vietnam to introduce casino entry fee in place of financial capacity requirement under revamped pilot program for locals

Tue 5 Aug 2025 at 19:02
Corona shines

Vietnam eyes permanent exemption allowing casino gambling for locals in Phu Quoc

Tue 15 Jul 2025 at 17:00
Load More
Tags: Corona Resort and Casinoforeigner-onlylocals casinoMinistry of FinanceTrialVietnam
Share19Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Pacific puzzle

Team King completes acquisition of Saipan casino assets but IPI ownership links linger

by Newsdesk
Mon 25 Aug 2025 at 05:33

Team King Investment (CNMI) LLC, a recently incorporated company which in February won a bid to acquire the casino assets of Imperial Pacific International, has officially closed the deal and taken ownership. According to local media outlet Marianas Variety, the...

More reasons to visit Clark

Hann postpones US$207 million IPO due to poor market conditions

by Ben Blaschke
Sun 24 Aug 2025 at 11:19

The holding company of Clark’s Hann Casino Resort has postponed an initial public offering that had been planned to take place in September, according to a report by Bloomberg. The delay is due to global uncertainties that have heavily impacted...

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

by Pierce Chan
Sun 24 Aug 2025 at 08:30

Driven by the summer holiday travel peak season, Macau’s total visitor arrivals in July increased by 14.5% year-on-year and 19.6% month-on-month, reaching 3,458,366 and recovering to 97.9% of the level achieved in July 2019. Visitors from mainland China remained the...

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

by Pierce Chan
Sun 24 Aug 2025 at 08:26

The Macau government has revealed that the NAPE food and cultural creativity market, held from 15 August, generated MOP$200,000 (US$25,000) in sales in its first four days. The festival is part of a series of events planned by the government...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English