South Korea and Vietnam are moving beyond their smallish casinos and planning mega resorts.
South Korea is proposing two casino mega resorts totalling up to $8bn in investments as part of a $23bn tourism and economic development plan, the Korean Herald reported.
The government intends for integrated resorts with casinos, hotels and theme parks, the Herald said.
It did not elaborate on long-standing issues about such resorts, such as whether Korean nationals would be allowed to gamble in them as developers would require for multi-billion dollar investments.
Vietnam has approved a $4bn resort on Phu Quoc island that would include a casino with 2,000 slot machines and 400 table games, VietNamNetBridge reported.
The government hopes to draw foreign investors to finance the project.
Source: Fantini’s Gaming Report
