Vietnam, Cambodia to lock horns over mass play

In June, Vietnam took the long-awaited step and sent a draft decree that could pave the way for locals to gamble to the National Assembly. There’s been much speculation over the impact a change in the law will have for both Vietnam and neighboring Cambodia’s casino industries and whether Vietnam will finally be able claw back revenues lost over the border. Though details of the draft and timeframes of when it may be enacted are hazy, Vietnam’s deputy director of the Ministry of Finance’s Lottery and Gambling Division was quoted in local media as saying, “we hope that this will be the last draft.” The bill aims to give the country a competitive edge over Cambodia, which draws busloads of Vietnamese everyday to its ramshackle casinos in the border town of Bavet. Local media has reported that Vietnam will rake in $800 million a year in state revenue if it allows locals to...

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