Property company Cushman and Wakefield is advising Vietnamese gaming regulators to limit casino licences in the country in order to attract foreign investors.

The company has suggested that a large casino operator be granted an exclusive licence or licences be awarded to a limited number of foreign investors.

Vietnam is adopting regulations that would require prospective casinos to invest $4bn and that would not allow Vietnamese nationals to gamble.

At present the only casino resort development under way is Ho Tram, the multi-property partly owned by Pinnacle where MGM Resorts will open phase one early in 2013.