Archive for the ‘Lucky Nugget Casino’ Category

Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Monday, February 24th, 2020

Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Building new casinos in Vietnam is sold with a myriad of government roadblocks

For whatever reason, in Asian and Russian countries, they like to zone off their casinos. Everything needs to be in a designated ‘economic zone,’ perhaps showing that many things in these national countries are not supposed to make a lot of cash, at least not if they’re legal.

New Gambling Enterprises on the Runway

Vietnam fits this mold, and legal casinos continue to be a concept that is fairly new, as well as almost solely aimed at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile Vietnamese businessman Dao Hong Tuyen, listed as a CEO to watch by the Japan Times wants to construct a fresh casino project via his Tuan Chau Groupand its US partners in 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 checking here.

If he will get ‘er done, Tuyen would be one of merely a handful of designers to crack the bureaucracy grid that has very long held Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for many casino investors is the somewhat odd dictum by the Vietnamese government that the the least US$4 billion be devoted to any projected resort-casino plan; a number that is pretty da (more…)