Sun Group becomes only authorized casino in Vietnam's Van Don Economic Zone
Sun Group has been pursuing this project for a long time and -according to the master plan- only the resort and park project in Van Yen commune will be allowed to include a casino in the Economic Zone.
The casino will be part of a luxury tourism and entertainment project that is expected to have an investment of over USD 2B and will be built on Van Canh and Ngoc Vung islands. The project is expected to serve the immense volume of tourists coming to Halong.
Vietnamese citizens shall be allowed to place bets in casinos for a trial period of three years, from the date the first casino operator successfully obtains their license for Vietnamese gamblers. In the trial period, eligible Vietnamese customers must be at least 21 years old, have a monthly regular income of minimum VND10 million ($454.5), and are legally competent.
The Committee's decision also loosens the conditions for businesses to get investment licenses for casino operations in terms of investment. Specifically, the total investment capital required for a casino project would be trimmed from USD 4B to USD2 B, and disbursed capital must reach at least USD 1B.
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