Vietnam casino owner to pay Silver Heritage US$5.25 million in separation settlement
Silver Heritage Group has reached a Settlement Agreement with the owner of Vietnam’s Phoenix International Club that will see it paid a sum of US$5.25 million and an Entertainment Services Agreement (ESA) with the owner terminated. The Settlement Agreement follows...
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The Grand Ho Tram in Vietnam targeted for acquisition by Warburg Pincus
Several sources have informed IAG that integrated resort The Grand Ho Tram in Vietnam has been targeted for acquisition by American private equity firm Warburg Pincus, LLC. Warburg Pincus has been a private equity investor since 1966 and has investments of...
Vietnam gaming tax reform “unlikely” to progress anytime soon: scholar
A bill to reform gaming taxes in Vietnam’s special economic zones remains on hold and is unlikely to be passed anytime soon, according to Professor Augustine Ha Ton Vinh. Speaking on a panel at iGaming Asia Congress at Macau’s Studio...
Pachinko operator Vegas Vegas hints at Japanese IR interest as second Vietnam casino opens
Pachinko hall operator Vegas Vegas has emerged as an unlikely Japanese IR candidate after launching its second Vietnamese casino in Hanoi on Monday. Hollywood One Gaming Club, located below ground level in Hotel de l’Opera, offers a range of casino...
Silver Heritage sees revenue stream halved as Vietnam casino shuts down suddenly
Australian-listed Silver Heritage Group Ltd has revealed that operations at Vietnam casino Phoenix International Club have shut down after the property’s General Manager advised that table games were no longer permitted under a revised Investment Certificate. In a filing to...
Hong Kong firm in talks to build US$200 million horse racing complex in Vietnam
Hong Kong investment firm Matrix Holdings has proposed the development of a horse-racing course and horse breeding center in the Vietnamese city of Da Nang. According to local media outlet VnExpress, the construction of the facilities would begin this year...
Novomatic to serve Southeast Asia with new Indo Pacific Gaming deal
European gaming giant Novomatic has signed a distribution agreement with Indo Pacific Gaming (IPG) to supply its full range of gaming solutions into the Asia-Pacific region. Under the agreement, Indo Pacific Gaming will provide sales distribution for its specialist markets...
Planned to Perfection
Specializing in MEPF and ELV systems, Commtech Asia is providing IR operators across the Asia-Pacific region with a complete project management service aimed at maximizing efficiency and avoiding the many potential pitfalls around IR development.
