Another potential candidate, the province of Binh Thuan, lost out on the opportunity to host a casino. The Ministry of Finance determined that its location in the interior of the country does not lend itself to significant foreign travel. It also has no airport or any type of notable water access. As such, it wouldn\u2019t produce the traffic to make it worthwhile.<\/p>\n
In general, local Vietnamese cannot gamble legally in the country. However, a couple of years ago, the government began a pilot program investigating the feasibility of changing the law.<\/p>\n
It approved, on a limited basis, local gambling at two properties. However, only one of those, the Corona Resort and Casino in Phu Quoc, is open. The other casino never got off the ground because of the pandemic.<\/p>\n
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After the program began in 2018, Corona saw its revenue increase by 9.5% through 2020. However, in 2021, due to the pandemic, it dropped 10%. Now, the Ministry of Finance has reiterated its plan to extend the pilot program until 2024. It was initially going to end in 2021, but COVID-19 caused all nine of the country\u2019s legal casinos to lose money last year.<\/p>\n<\/div>\n
It isn\u2019t clear when the government may reach a decision on the two new casinos, or how long construction will take. In the meantime, it may determine to add another existing casino to the pilot program in order to overcome the deficit COVID-19 caused.<\/p>\n","protected":false},"excerpt":{"rendered":"
The landscape in Southeast Asia is changing, with the possibility of becoming a strong casino hub. Vietnam, similar to Thailand\u2019s initiative, is considering approving two new casinos, and it has an idea of where they should go. Vietnam\u2019s Ministry of Finance has settled on two potential locations for casinos exclusively for the use of foreigners. […]<\/p>\n","protected":false},"author":64,"featured_media":219769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Vietnam's Ministry of Finance Backs Two New Casinos - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n