Vietnam would receive further investments

An exclusive US$2 billion resort and casino by FLC Group Joint-stock Co. has been seemingly approved by the government of Vietnam.

Vietnam.- The government of Vietnam has apparently given the green light to another casino project in the northern Province of Quang Ninh. The local casino operator company FLC Group Joint-stock Co. would be in charge of the project, according to a statement released by the Vietnamese press.

Furthermore, Bloomberg media reported that the company’s intention is to construct a five-star resort and casino, where a convention center and golf course would be included. The project would be seemingly installed in the Van Don Special Economic Zone on the islands of Ngoc Vung and Van Canh.

FLC Group Joint-stock Co, cofounded by Vietnamese billionaire entrepreneur Trinh Van Quyet, would invest at least US$2 billion in the new casino project. The gaming and touristic venue will offer 4,000 hectares of latest entertainment attractions, for both foreign and possibly domestic visitors.

Currently, two casinos in Phu Quoc Island, in the south of Vietnam, are operating under a pilot scheme that allows the participation of residents at gaming services. The authorised activity is being probed by the government for three months and it would probably lead to further regulations on the local participation at casinos.

Vietnam has also strengthened the gaming industry with the approval of legal sports betting industry. Licensed companies will start offering their gaming platforms at the end of current month.