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Update news gambling industry
The casino has paid VND1.73 trillion ($71.74 million) in taxes to the state coffers over the last three years.
As many as 56 businesses in Vietnam are licensed to provide prize-winning games at 63 hotels and nine casino businesses.
Casinos are considered a ‘sensitive business’ in Vietnam. Though regulations have been loosened, they are still very strict.
If Vietnam legalises sports betting, billions of dollars could be recouped for the country and help boost tourism post-COVID-19.
Corona Casino – the first casino in Vietnam where Vietnamese people are permitted to gamble – has reported a gross profit of $13.04 million and pre-tax profit of $4.7 million after six months of operation.