• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 23 June 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 asks PM to grant approval for US$2 billion Van Don casino development in Quang Ninh province

Newsdesk by Newsdesk
Sun 1 Jun 2025 at 11:26
Vietnam asks PM to grant approval for US$2 billion Van Don casino development in Quang Ninh province

Quang Ninh province, Vietnam

23
SHARES
587
VIEWS
Print Friendly, PDF & Email

Vietnam’s Ministry of Finance has reportedly submitted a proposal to the Prime Minister seeking approval to push forward with a VND51.5 trillion (US$2 billion) luxury casino-resort development in Quang Ninh province.

The project is the same one previously proposed by the Quang Ninh Provincial People’s Committee and which was tentatively granted approval to take part in a pilot program allowing locals to gamble. According to a report by VN Express, the Ministry’s proposal includes a call for the development – known as the Van Don casino project – to take part in the pilot program once open for business.

As previously reported by IAG, the resort would be located on a 244.5-hectare site of which 182.4 hectares would be for project implementation and 62.1 hectares reserved for natural forest. If approved, development is expected to take nine years with a tentative opening date of 2032 and a projected IR lifespan of 70 years.

This latest update explains that the project – which does not yet have an external investor – would be divided into three phases with the opening phase to include an investment of VND25.1 trillion (US$964 million), phase two VND22.1 trillion (US$849 million) and phase three VND4.3 trillion (US$165 million).

It also calls for an investor to tip in VND7.7 trillion (US$2296 million) in cash with the remainder able to be provided through bank loans. It remains unclear whether any international investors would be willing to take part, however, given the lack of any movement around locals gambling for Vietnam’s existing integrated resorts in Hoiana and The Grand Ho Tram.

Only one property, Corona Resort & Casino on the island of Phu Quoc, has taken part in the locals pilot program although the pilot stagnated due to the COVID-19 pandemic and officially came to an end at the start of this year.

RelatedPosts

Landmark chair says satellite casino closures have already led to lease terminations in surrounding area

Landmark chair says satellite casino closures have already led to lease terminations in surrounding area

Wed 18 Jun 2025 at 14:07
Deconstructing  Donaco

Cambodia’s Star Vegas reports 62% fall in casino headcount after Thailand imposes border restrictions

Mon 16 Jun 2025 at 15:38
In the crosshairs

S&P Global downgrades Universal Entertainment Corp as low Philippines visitation, increased casino competition hinders Okada Manila recovery

Wed 11 Jun 2025 at 05:25
Sri Lanka approves free visas for visitors from seven countries in bid to boost tourism, revive economy

Junket operations among key discussion points as Sri Lanka government committee delves into casino regulation

Mon 9 Jun 2025 at 05:49
Load More
Tags: casinolocals gamblingPilot ProgramQuảng Ninh ProvinceVan DonVietnam
Share9Share2
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

South Shore shareholders convene SGM to vote on winding up of the company

Troubled Macau hotel THE 13 said to have sold for US$51 million

by Pierce Chan
Sun 22 Jun 2025 at 19:12

Long-troubled Macau hotel THE 13 has been purchased for HK$400 million (US$51 million), according to Hong Kong media reports. THE 13, originally envisioned as an uber-luxury hotel and casino before its construction was plagued by financial woes, was first put...

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

by Pierce Chan
Sun 22 Jun 2025 at 18:56

A number of businesses located in Macau's Zona Nova de Aterros do Porto Exterior (NAPE) held a joint press conference late Sunday calling on the government and related gaming concessionaires to suspend their decision to close the city’s satellite casinos....

Macau welcomes record 993,117 visitors during seven-day Golden Week holiday

Macau visitor arrivals up 25.3% year-on-year to 3,372,081 in May

by Pierce Chan
Sun 22 Jun 2025 at 18:04

Benefiting from the May Day Golden Week holiday, Macau recorded 3,372,081 visitors in May, representing a year-on-year increase of 25.3%. According to data from the Statistics and Census Service, the number of visitors from mainland China increased by 31.4% year-on-year...

Guiding light

Light & Wonder’s Chief Legal Officer James Sottile to retire at year’s end, Susan Dawson named as replacement

by Newsdesk
Sun 22 Jun 2025 at 17:54

Light & Wonder’s Executive Vice President, Chief Legal Officer and Corporate Secretary James Sottile will retire from the company at the end of the year, with his last day of service set for 31 December 2025. The company has announced...



IAG

© 2005-2024
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

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English