Vietnam gambling bill nears, challenges lurk

    Vietnam’s Ministry of Finance will host a conference in late October seeking input on its draft bill to legislate gambling in the hopes of boosting foreign investment and tourism and recouping revenue being spent by locals in neighbouring countries. The conference will seek input from various ministries and the general public. After this, a revised decree will be ready for the Prime Minister’s consideration and clearance from the National Assembly, which meets in late November. The Prime Minister is expected to sign the final version before the end of this year. However, the draft as it stands may not attract the major foreign casino investment the government has been seeking. The Ministry of Finance released a draft decree of the bill on August 14th, which provides at least in part for access for locals — a provision keenly hoped for by foreign investors. However, on closer reading, the legislation may prove unenforceable...

    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.