ASEAN Union aims for Liechtenstein of the east with Laos finance hub

    Published in: Latest IntelligenceMalaysia-based Asean Union is looking to the long term in a $2.5 billion start-up development in southern Laos, which aims to create a financial and entertainment hub in the area.The recent signing of an agreement between ASEAN Union chairman, Faidzan Hassan, and the Laotian government linked Savan City Co Ltd, stirred ripples of expectation in the gaming industry amid hopes the development would also contain casinos.But Asean Union’s head of communications, B.E. Puya, told AG Brief that there are currently no gaming ​licences​ being given by the Lao Government, and Asean Union has no plans to build a casino in the zone. However, it should not stop interested parties in the economic zone from applying. “It’s not a definite and it’s not a maybe, and if a casino does come up it will not be from under our jurisdiction because all our investments and methodology are ‘Shariah...

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