According to information from GGRAsia, Daniel Cheng, Hard Rock’s senior vice president for casino business development in Asia, stated the company had been shortlisted as the potential gaming partner for the resort after participating in a 2015 request for concepts (RFC) process.
"We have finished all the site studies and completed all project financing,” Cheng told GGRAsia.
"All we are waiting is for the [Vietnam] national government to issue the casino
The Laguna Lăng Cô project, located on the country’s north central coast, opened in April 2013. Phase one consisted of a 57-villa Banyan Tree resort, 229-room Angsana resort and an 18-hole golf course.
Consulting firm Global Market Advisors LLC (GMA) advised on the process of matching the existing parties to the resort with a gaming operator. The consultancy said in October 2015 that a number of international gaming operators had shown interest in running a casino at the property.
Provincial authorities in Thua Thien Hue have recently asked for the central government’s blessing to increase the investment capital threshold for the Laguna Lăng Cô beach resort to US$2 billion and to allow a casino there, according to the
Under the proposal for Laguna Lăng Cô submitted to the central authorities in Hanoi, the casino facility is likely to have a capital cost of nearly US$250 million and be implemented in the second, third and fourth phases of the project.
Hard Rock has been seeking to expand its gaming footprint into Asia. The casino operator has said that it is actively pursuing a casino
