• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 4 August 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
  • 日本語
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
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Vietnam to ease casino investment requirements as new report shines light on 2019 results of casino pilot program for locals

Ben Blaschke by Ben Blaschke
Wed 26 Aug 2020 at 05:49
Corona shines

Corona Resort & Casino

82
SHARES
1.9k
VIEWS
Print Friendly, PDF & Email

Vietnam’s Ministry of Finance (MOF) has released a report recommending the amendment of certain provisions of Decree 03/2017 governing the nation’s casinos.

The amendments, which aim to ease the burden on operators and investors amid substantial losses within the sector, include removing a requirement for casino and integrated resort investors to pay at least 50% of total investment capital for a project before it can be granted its license. According to the Ministry, such a requirement is not feasible for projects being developed in regions lacking infrastructure where the investor may also need to inject further funding into infrastructure improvements.

Local media outlet VietnamNet also reports that the Ministry will ease restrictions on advertising. Operators are currently only allowed to advertise their business at casino entry points, but this will now be expanded to allow for advertising anywhere within the region where the project is located to allow greater opportunity to introduce the business to international travelers.

The minimum US$2 billion investment requirement will remain in place.

The easing of some provisions supports information contained within the Ministry’s report showing that Corona Resort & Casino in Phú Quốc – the first of two casinos granted permission to allow locals gambling under a three-year pilot program – suffered a loss of VND2.529 trillion (US$108.8 million) in 2019. Corona opened in January 2019 and attracted 105,000 casino visitors throughout the year, of which 47,400 or 45% were Vietnamese. The resort generated revenue of VND1.433 trillion (US$61.6 million), including VND1.381 trillion (US$59.4 million) from its casino.

Vietnam’s second casino granted permission to welcome locals, located in the rural district of Vân Đồn in Quảng Ninh Province, has yet to open.

The Ministry of Finance said casino revenues across Vietnam’s eight licensed casinos reached VND2.5 trillion (US$107.5 million) in 2019, more than double the VND1.19 trillion (US$51.2 million) in 2017 and up from VND1.56 trillion (US$67.1 million) in 2018.

RelatedPosts

Dr Wilfred Wong

The Londoner Macao shows benefits of multi-billion-dollar revamp as 2Q25 performance pushes Sands China revenues to US$1.79 billion

Thu 24 Jul 2025 at 05:17
Corona shines

Vietnam eyes permanent exemption allowing casino gambling for locals in Phu Quoc

Tue 15 Jul 2025 at 17:00
Chow Tai Fook-linked VMS Group assumes controlling stake in Hoiana, names Benny Chong and Alan Teo to lead new management team

Former Newport World Resorts CMO David Jorden joins Hoiana as EVP of Gaming

Wed 9 Jul 2025 at 06:20
Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Grand Korea Leisure reports sequential gain but year-on-year decline in casino revenue to US$25.5 million

Fri 4 Jul 2025 at 04:52
Load More
Tags: casino revenueCorona Resort and Casinolocals gamblingMinistry of FinancePhu QuocPhu Quoc Tourism Investment and Development JSCPilot ProgramVietnam
Share38Share5
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

by Ben Blaschke
Mon 4 Aug 2025 at 06:02

The Chairman and CEO of Hann Philippines Inc, Dae Sik Han, has revealed he opted to proceed with an initial public offering on the Philippine Stock Exchange to ensure his ambitious expansion plans could proceed without delay. Hann, the parent...

Philippine government insists President Marcos won’t “act in haste” on calls to ban online gaming

Philippine government insists President Marcos won’t “act in haste” on calls to ban online gaming

by Newsdesk
Mon 4 Aug 2025 at 05:55

The Presidential Palace has insisted that President Ferdinand R Marcos Jr will not act in haste in assessing whether or not ban the Philippines’ online gaming – also known as remote gaming or eGames – industry. The comments from Palace...

Jeju Dream Tower sets new records for casino drop, sales and visitation in July

Jeju Dream Tower sets new records for casino drop, sales and visitation in July

by Newsdesk
Sun 3 Aug 2025 at 12:47

Korea’s Jeju Dream Tower registered yet another all-time record in casino drop and visitation in July, continuing an impressive six month stretch of growth. According to information from the property’s parent company Lotte Tour, July visitation reached 56,691 – up...

Melco awarded 20-year license to operate City of Dreams Sri Lanka

As City of Dreams Sri Lanka celebrates official opening, Melco’s Lawrence Ho says Sri Lanka “can be to India what Macau is to China”

by Ben Blaschke
Sun 3 Aug 2025 at 10:46

City of Dreams Sri Lanka, the joint venture between Macau’s Melco Resorts & Entertainment and local developer John Keells Holdings, held its Grand Opening on Saturday – celebrating what the companies have described as a “landmark national transformation”. Located within...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

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
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語