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Tag Archives: Vietnam

Vietnam – Grand Ho Tram rebrands to Intercontinental Grand Ho Tram

Asian Coast Development has changed the name of its Grand Ho Tram resort, located in Vietnam’s entertainment capital, The Grand Ho Tram Strip just two hours from Ho Chi Minh City, to Intercontinental Grand Ho Tram as it looks to attract more international customers. The rebranding is the result of a franchise agreement with IHG…

Vietnam – Pilot scheme allowing locals to gamble could be extended due to COVID

Vietnam’s Ministry of Finance is putting forward an extension of the scheme allowing Vietnamese locals to play at two designated casinos until 2024. Currently locals are only allowed to play at the Corona Resort on the southern island of Phu Quoc and another casino that is yet to open in Van Don, in the northern…

Vietnam – Steelman part of consortium to build Danang casino

Danang’s Investment Promotion Agency has said that an international finance center to be built in Vietnamese city will boast a trading center, casino, high-end entertainment and luxury apartments. Huynh Thi Lien Phuong of the Investment Promotion Agency said the building would cover on an area of 84,000 square meters on the beachfront in the Son…

Vietnam – Corona Casino to become part of ‘all-in-one’ Phu Quoc United Center

Vietnam’s Corona Resort and Casino, owned by Phu Quoc Tourism Investment and Development Company and currently the only place for Vietnamese nationals to gamble, will became part of the all-encompassing resort Phu Quoc United Center. On April 21, 2021, Vingroup Group will officially open Phu Quoc United Center in the North of Pearl Island (Đảo…

Vietnam – Donaco generates positive EBITDA for three consecutive months

Vietnamese and Cambodian operator Donaco International, generated positive EBITDA in each of the final three months of the half year, with Aristo and Star Vegas reopening and operating on a limited basis, as the Vietnam/China and Cambodia/Thailand borders remain closed. Donaco posted a positive group EBITDA of A$0.2m for 1H FY21, with the final three…

Vietnam – Vinpearl Co. presents plans for US$2.2bn casino on Hon Tre Island

Leisure and hospitality company Vinpearl Co., part of Vingroup, wants to build a coastal casino resort on Hon Tre Island in Vietnam’s Khanh Hoa Province, which would include a casino, 1,200 room 5-star hotel and a convention center at a cost of US$2.2bn. It would be Vietnam’s ninth casino and the second in Khanh Hoa…

Vietnam – Vietnam casinos want government to let locals play

Casinos in Vietnam want the government to amend gambling laws to allow locals to play to help the sector bounce back after the downturn caused by the global pandemic. Local media outlet VNExpress International highlighted that operators in Quang Nam and Ba Ria – Vung Tau had petitioned government for the law change. Currently only…

Cambodia – Star Vegas and Aristo reopenings see Donaco return to positive EBITDA in December

Since the reopening of the Star Vegas Resort in Cambodia in late September, and the Aristo International Hotel in Vietnam, the December quarter was a turnaround period for Donaco with a return to positive EBITDA of A$3.70m and negative EBITDA of A$0.13m respectively, resulting in positive EBITDA of A$3.57m for the overall group. The result…

Vietnam – Donaco reports positive EBITDA at Star Vegas and Aristo

Since the reopening of the Star Vegas Resort and Club in Cambodia in late September, and the Aristo International Hotel in Vietnam, Donaco International has seen two months of positive EBITDA for October and November, of US$0.54m and USD$0.8m respectively for the overall group. The growing trend has continued into December and the Company is…