Hong Kong Investor Puts $4 Billion Vietnamese Casino Project Back on Track

Published on Tuesday 8th September 2015, 11:28 am
Posted in: Casino Business


Casino Business

A project to build a $4 billion casino development near Hoi An on Vietnam’s central coast is back on track following news of huge investment from Hong Kong-based Chow Tai Fook Enterprises. The original licence was granted in 2010, but work was halted in 2012 when Malaysian firm Genting Berhard removed its investment, apparently worried about strict gaming laws in the south east Asian country. 


Only foreign nationals and Vietnamese who hold dual nationality are currently allowed to gamble, although suggestions have been made by government departments that this could soon change.

The deal made last week sees Chow Tai Fook, run by Hong Kong casino magnate Cheng Yu Tung, become the main investor, with VinaCapital reducing its share considerably from 80 percent to 22.55 percent.

The Nam Hoi An Casino Resort will be situated near tourist-friendly Hoi An, which boasts a famous ancient town that has been made a UNESCO World Heritage Site. The casino will cover 150 hectares and will feature five-star hotels and villas as well as state-of-the-art gambling areas, aimed at bringing in foreign players.

Chow Tai Fook is also said to be investing in a major casino project in Brisbane, Australia as well as tendering for a licence to build a resort near Seoul in South Korea.




Related News Articles


Casino Business

First Licensed Gaming Operator in Colombia Signs with Quickfire

In June of this year, Aquila Global Group became the first company in Colombia to receive an online gaming licence, and it has now signed a deal which will allow its Wplay.co brand to offer Microgaming titles through the Quickfire platform.

Wednesday 20th September 2017, 10:30 am
Casino Business

Licences Awarded to Casino 36 in Dudley

The new Casino 36 development in Dudley has been awarded licences for both 24-hour gambling and the sale of alcohol on its premises.

Friday 8th September 2017, 9:55 am
Casino Business

Trump Company Applies for Macau Trademarks

The Trump Organization, which is a holding company for various businesses owned by US President Donald Trump, has recently applied for and received several trademarks, including one for gambling services, from the Chinese territory of Macau.

Wednesday 9th August 2017, 12:46 pm



Gamble.co.uk Facebook


You first need to login to Facebook to view this page because it contains age restricted content.


Go to Facebook and Login
×