Vietnam has placed casinos on a list of 59 business sectors in which conditions are placed on foreign investment.
A few more details have become available regarding the international finance center to be built in Danang - Vietnam, which is set to feature a trading center, casino, and high-end entertainment and luxury apartments.
For those of you just returning to your desks after the Easter break, it’s been a busy few days in terms of news in the Asian gaming industry, from a potential new mega project in Vietnam, to the latest on the impact of the Covid pandemic and more details about Japan’s casino regulation.
Suncity Group Holdings says it’s putting cost cutting initiatives in place to enable its flagship Hoiana resort in Vietnam to ride out the pandemic storm and continues to explore international opportunities.
SunCity Group said its Hoiana integrated resort in Vietnam has generating revenue of $4.8 million since its preview in June last year and had an adjusted EBITDA loss of about $32 million.
Royal International Corp, the owner of Royal Ha Long casino hotel in Vietnam, has seen a dramatic fall in its stock prices after its equally dramatic rise since January.
Pacific Asia Travel Association (PATA) CEO Dr. Mario Hardy sees a slow recovery for Asia’s tourism markets, though remains optimistic about the future of travel.