Gambling on locals

Vietnam is taking a step towards lifting a ban on locals gambling, but the experiment is limited to two casinos, leading to question marks over whether it will be the game changer that many foreign investors had hoped. The draft gaming decree, now waiting for final approval, opens the market for locals to gamble at two yet-to-be-built integrated resorts in the Van Don Special Economic Zone in the North and Phu Quoc Island in the South. The move was hailed as a major breakthrough for the country’s gambling industry. But there are a number of caveats that give cause for concern. The decision will be assessed over a three-year trial period, and those wanting to enter casinos to wager will be subject to a number of conditions; they must be at least 21 years of age, make around USD$500 per month, have no criminal convictions, and no objections from family members....

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.