{"id":34476,"date":"2022-10-17T07:01:58","date_gmt":"2022-10-17T10:01:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34476"},"modified":"2026-04-23T03:54:45","modified_gmt":"2026-04-23T06:54:45","slug":"vietnam-ministry-of-finance-to-request-corona-casino-licence-extension","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnam-ministry-of-finance-to-request-corona-casino-licence-extension","title":{"rendered":"Vietnam Ministry of Finance to request Corona Casino licence extension"},"content":{"rendered":"\n

The Ministry of Finance has accepted a request from the provincial authorities of Kien Gang to extend the pilot scheme.<\/p>\n\n\n\n\n\n\n\n

Vietnam.- Vietnam\u2019s finance ministry<\/strong> has said it will make representations to the country\u2019s politburo to extend Corona Casino’s licence until the end of 2024<\/strong>. Provincial authorities in Kien Gang had asked for the casino’s licence to be extended until January 7 2025<\/strong>, along with the pilot scheme that allows locals to gamble.<\/p>\n\n\n\n

According to local news outlet VietNamnet, authorities want an extension for the scheme because disruption caused by the Covid-19 pandemic had made it difficult to assess the merits of the pilot so far.<\/p>\n\n\n\n

The scheme was promulgated by the national government in 2017<\/strong> but only launched in 2019. Corona Resort and Casino opened in January 2019 and was the first casino in Vietnam that allowed locals to gamble.Vietnamese citizens have since spent VND141bn (US$5.9m)<\/a>, accounting for 5 per cent of the casino\u2019s revenue<\/strong>.<\/p>\n\n\n\n

An extension to the pilot would also apply to a project at Van Don, near the Chinese border in Quang Ninh province in the northeast of the country. However, that scheme is not yet operational.<\/p>\n\n\n\n

In March last year, casino operators<\/a> asked the government to expand Vietnamese citizens\u2019 access to casinos<\/strong> in major tourist destinations such as Quang Nam and Ba Ria-Vung Tau<\/strong> to help casinos face the loss of revenue from tourists due to the Covid-19 pandemic. However, authorities rejected the petition.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministry of Finance has accepted a request from the provincial authorities of Kien Gang to extend the pilot scheme.<\/p>\n","protected":false},"author":176,"featured_media":14589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Vietnam's Ministry of Finance has accepted a request to extend the pilot scheme allowing locals to gamble at Corona Casino until the end of 2024, citing COVID-19 disruptions hindering proper assessment. This extension, also applicable to the non-operational Van Don project, maintains a crucial revenue stream for the existing casino and signals ongoing regulatory evaluation of domestic market access.","focusai_entities":"Ministry of Finance, Kien Gang provincial authorities, Corona Casino, Corona Resort and Casino, VietNamnet","focusai_location":"Vietnam, Kien Gang, Van Don, Quang Ninh, Quang Nam, Ba Ria-Vung Tau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.95), payments_fraud_aml (0.75), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on GGR Projections?","query":"What is the projected impact of this pilot scheme extension on Corona Casino's Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for 2024, considering the 5% contribution from local play and the broader market conditions?"},{"label":"Future Regulatory Framework?","query":"Given the stated reason of COVID-19 disruption, what specific metrics or governance frameworks will the Ministry of Finance employ to assess the pilot scheme's long-term viability and inform future B2C licensing decisions for local market access?"}],"footnotes":""},"categories":[28,16333],"tags":[23907],"class_list":["post-34476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=34476"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34476\/revisions"}],"predecessor-version":[{"id":34510,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34476\/revisions\/34510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14589"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}