Bill to allow locals to gamble will be discussed in Vietnam

The bill would also cut the minimum investment needed for new Las Vegas-style casino complexes from US$4 billion to US$2 billion.

Vietnam.- According to the Vietnam Investment Review, a proposed bill to allow locals to gamble at casinos in Vietnam for the first time and to cut the minimum investment needed for new Las Vegas-style casino complexes from $4 billion to $2 billion, is on the table.

Currently, only foreigners and Vietnamese living in other countries can gamble at Vietnam’s casinos,. This ban is seen as a major hindrance to the existing casino market. This new legislation comes after seven years worth of discussions on how to expand the gambling industry in the country.

According to Forbes, there are currently has eight licensed casinos and around 20 slot clubs in Vietnam. They create a gambling market worth around US$300 million. The Grand- Ho Tram, located two hours south of Ho Chi Minh City, is the country’s largest gambling facility. The property, called an “integrated resort,” opened in 2013.