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Tag Archives: Vietnam

Vietnam – Vietnam to add two more casinos to local player pilot

Vietnam’s Ministry of Finance wants to add two more casinos; those in Da Nang City and Khanh Hoa Province to its pilot scheme that allows locals to place bets. It is also looking at extending the trial period by two more years. Currently only Corona Resort & Casino in Phú Quốc, is involved in the…

Vietnam – Donaco hopes proliferation of vaccines will see business levels bounce back

Despite its six month results ended December 31 being severely restricted by COVID, Donaco International Limited has said it has a ‘positive long-term business outlook with proliferation of vaccines globally, and across South-East Asia,as well as increased tourism infrastructure spend emerging in the region.’ In Cambodia Star Vegas remained temporarily closed during the half year…

Vietnam – Donaco burning USD$380,408 per month due to COVID restrictions

With Star Vegas still temporarily closed in Cambodia and Aristo open in Vietnam on a limited basis due to COVID-19 related restrictions, Donaco International has declared a cash burn of USD$380,408 per month, which it says is ‘well within the targeted range.’ Increasing vaccination rates in Thailand and Cambodia have led both countries’ Governments to…

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…