These venues range from small slot parlours in 5-star hotels to the Grand Ho Tram casino resort on the southern coast of Vietnam. "We tallied nearly 400 gaming tables and more than 3,000 slot/ETG [electronic table games] seats,” said analyst Grant Govertsen.
While the Vietnamese government does not disclose gross gaming revenue (GGR) data from the existing gaming venues, Union Gaming estimates that nationwide GGR currently stands in the range of US$ 800 million to US$1.2 billion. The estimate is based on information released by three publicly traded companies with exposure to Vietnam’s gaming market, "as well as via conversations” with operators in that market, says the report.
According to Union Gaming, at least three casino resorts are currently under construction in Vietnam, "with at least one more waiting for government approval”. The schemes currently under construction are located respectively: in the Van Don Special Economic Zone, it the north of the country; in Phu Quoc Island, in the south; and in Hoi An, in the central coastal area.
The Vietnamese government published in January a decree that paves the way for selected domestic casinos to accept bets from Vietnamese gamblers, for a trial three-year period.
Source: GMB
