Vietnam Casino Bill To Allow Locals To GambleNew Version Also Cuts Investment Requirement By $2B |
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A draft casino bill on the table in Vietnam would allow locals to gamble at casinos for the first time and also cut the minimum investment needed for new Las Vegas-style casino complexes from $4 billion to $2 billion, according to the Vietnam Investment Review.
This version of the bill comes after seven years worth of discussions on how to expand the gambling industry in the country.
According to Forbes, Vietnam currently has eight licensed casinos and around 20 slot clubs. They create a gambling market worth around US$300 million. The Grand- Ho Tram, located two hours south of Ho Chi Minh City, is the country’s largest gambling facility.
The property, called an “integrated resort,” opened in 2013.
Currently, only foreigners and Vietnamese living in other countries can gamble at Vietnam’s casinos. That’s seen as a major hindrance to the existing casino market.
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