Vietnamese investors are considering building casinos worth billions of dollars in Quang Ninh province and Phu Quoc Island to attract Chinese travelers after noting the sharp rise in the number of Chinese travelers to Vietnam recently.

VietNamNet Bridge – As the domestic casinos bar their doors to Vietnamese, they have been going to Cambodia to gamble.

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 VietNamNet Bridge – VinaCapital, the Vietnam-focused asset management firm, has found a joint partner to develop a $4 billion integrated resort and casino in Quang Nam Province, bringing hope for resuscitation of this long-delayed project

VinaCapital has failed to find a partner for jointly developing a $4 billion casino integrated resort project in central province of Quang Nam, overshooting their own deadline to secure a partner in the third quarter of this year.

 VietNamNet Bridge - ISC Group Corporation (U.S.) and partners of Tuan Chau Group have come to Quang Ninh to find investment opportunities in the Van Don Administrative - Economic Zone.

 VietNamNet Bridge – Dao Hong Tuyen has revealed the intention of setting up a casino in Van Don Economic Zone and Tuan Chau, once the government decree on casino management is promulgated.

As regulations prohibiting Vietnamese people to play at casinos are increasingly being concretized, many foreign investors begin to be discouraged before the investment opportunities that they once thought were to be very attractive.

 VietNamNet Bridge – A lot of big investors who once showed their strong determination to develop casino projects have become reluctant to fulfill their plan because they can see no big opportunity as thought before.

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 VietNamNet Bridge – Casinos in Vietnam must have a registration book to track their visitors. In the case they let Vietnamese players gamble, they will be fined from VND180 to VND200 million ($9,000-10,000).

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 VietNamNet Bridge - Dozens of casinos have been built along the Vietnam-Cambodia border for the purpose of luring Vietnamese gamblers.

 VietNamNet Bridge - Allowed entering Vietnam, many Cambodian buses offer free services for Vietnamese to gamble in Cambodia, said a HCM City police official.

ACDL, the Canadian investor of the mammoth $4.2 billion Ho Tram resort project, has stated that it received the new investment license on April 4. ACDL’s Managing Director Nathan Lloyd said this was a “great day” of the project.

VietNamNet Bridge – A list of 32 projects in Quang Ninh Province with investment priority in the period from now to 2015 comprises a recreation complex with a casino operation worth US$4 billion in Van Don Economic Zone.

VietNamNet Bridge – A list of 32 projects in Quang Ninh Province with investment priority in the period from now to 2015 comprises a recreation complex with a casino operation worth US$4 billion in Van Don Economic Zone.

Opinions from the well-informed circle said MGM has withdrawn from Ho Tram Strip because of the problems with the casino - a project component. What’ll be the project like in the post-MGM period?

The investor and the rich Vietnamese once dreamed of having a Vegas in Vietnam by developing the Ho Tram resort project. However, the “Ho Tram dream” has been become far away as MGM has decided to quit the project.

VietNamNet Bridge – The Asian Coast Development Limited (ACDL) has announced that the MGM Resorts International (MGM) will no longer operate the resort in the Ho Tram Strip tourism complex.