VietNamNet Bridge - Many famous casino developers have visited Vietnam since 2002 to propose resort projects, but they have not returned. 

The race for licenses for casino projects, which stopped short because of arguments about whether to allow Vietnamese to enter casinos, has kicked off again .

 Philip Falcone, founder and CEO of the Harbinger Capital Partners, said Ho Tram is ready to pilot the local gaming policy.

VietNamNet Bridge - While investors are excited about casino development projects, they have been warned that big difficulties lie ahead.

A recent report by Cushman & Wakefield says that Vietnam’s largest island of Phu Quoc and the central city of Nha Trang will be the top choices of foreign investors, as they are expected to be tourist paradises of Vietnam in the near future.

Prime Minister Nguyen Tan Dung has given the nod to a recreational complex, including a casino on the resort island of Phu Quoc in Kien Giang Province. This news has sparked an immediate and insidious race among investors.

VietNamNet Bridge – A domestic company with strong financial capacity is expected to invest in a major recreational complex including a casino on Phu Quoc Island off mainland Kien Giang Province.

Vietnam-focused asset management firm VinaCapital states that it will soon conclude partnership negotiations with a foreign partner for the long-delayed $4 billion South Hoi An integrated casino resort in central Quang Nam province.

 VietNamNet Bridge – Economists have suggested developing Ly Son Island District into a high-end amusement center with 5-star hotels and a casino.

 VietNamNet Bridge – The Politburo has agreed to open a casino on Phu Quoc Island and is considering a project to establish a special economic zone on the island district, said the chairman of Kien Giang Province.

 VietNamNet Bridge – The recently-proposed regulation stating that developers must have the investment sum of at least $4 billion to be eligible to operate a casino in their resorts has been met with conflicting opinions from consultants.

 VietNamNet Bridge – Investors, both foreign and domestic, have been flocking to the northeastern province of Quang Ninh province as it is expected to be an international urban area by 2050.

 VietNamNet Bridge – A number of casino tycoons have visited Vietnam in recent years, promising  to develop multi-billion dollar casino projects in the country, but then they left. Will they return once their demands are satisfied?

 VietNamNet Bridge – Regular members at casino clubs must have a minimum monthly income of VND15 million, while current players must show they have assets of an equivalent value.

 VietNamNet Bridge – A draft law that could allow Vietnamese to play in casinos is expected to earmark Vietnam as a high potential market for casino operators.

 VietNamNet Bridge – Some say that casinos could potentially make up five percent of Vietnam’s GDP and create 30,000-50,000 jobs, but will the new proposal to allow local citizens to play at casinos really be that lucrative?

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 VietNamNet Bridge – Three vice chairs of the National Assembly have unexpectedly recommended that Vietnamese nationals be admitted to casinos, thus breathing life back into the dreams of some developers.