The first phase of Vinpearl’s development would see US$1.1bn spent on the casino, which would open in 2024 with 200 tables and 2,000 electronic game machines.The second phase would be completed by the end of 2025, bringing a 1,200 room hotel, convention center and a broader entertainment complex to fruition.
Under Vietnam’s current gaming regulations, investors are required to commit a minimum of US$2 billion into any new resort development to be granted a casino license.
There are currently eight legal casinos operational in Vietnam, including Suncity Group’s Hoiana, outside of Hoi An, which held a soft opening in June 2020.
According to VNExpress, Vinpearl’s proposal is for a series of ongoing projects on Hon Tre island, including various hotel and villa projects and golf course developments, to be expanded in scale and investment level to allow for the addition of a casino.
Phase 2, to be completed by the end of 2025, would add the 1,200 room hotel, convention center, transportation and technical infrastructure and a broader entertainment complex in which the casino would be located.
Source: GMB
