The bar on entering Vietnam as a casino operator may have been lowered, opening the possibility that major developers like Las Vegas Sands could be interested in the country.
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Legislators now propose a minimum investment of US$2bn and the law banning locals from casinos being loosened on a two-year trial basis. The US$4bn minimum investment in Vietnam’s draft bill legalising additional integrated resorts had widely been criticised as too high.
Operators have also cited the ban on locals as a barrier to investing in a Vietnam mega resort. It’s expected the bill will allow three integrated resorts in addition to the Grand Ho Tram Strip, which opened phase one more than two years ago.
Source: Asia Gaming Brief
