Unlocking the Thrill: Comprehensive Guide to Casinos in Vietnam – A Must-Know

Unraveling the Mysteries of Casinos in Vietnam – Essential Insights for Every Enthusiast

The landscape of casinos in Vietnam has seen a significant shift in recent years, and we’re here to guide you through the essentials that every gambler, local or foreign, needs to know.

The Turning Point: Legalization and Eligibility

After a prolonged period of anticipation, the Vietnamese government finally made a pivotal announcement in January 2017. This declaration marked a historic moment, granting eligibility for locals and foreigners with a minimum monthly income of 10 million Vietnam Dong (US$440) to indulge in the thrill of casinos and e-gaming clubs within Vietnam’s borders.

Investment Surge in Vietnam’s Casino Industry

With this groundbreaking development, investors have flocked to Vietnam, paving the way for a surge in large-scale projects. The Grand Ho Tram Strip, boasting a casino and 541 rooms, opened its doors in July 2013. Additional projects, such as The Beach Club expansion, demonstrate the commitment with over US$1.1 billion invested by June 2017. The $4 billion Hoiana in Quang Nam Province, slated to open in the first quarter of 2019, is set to redefine luxury with a casino resort, spa, golf course, and more over the next decade.

Gaming Landscape in Vietnam: Present and Future

Despite these ambitious projects, Vietnam currently lags in Gross Gaming Revenue (GGR) compared to other Asian counterparts. However, with a 35% casino tax and the potential for a fully operational market, analysts project GGR to reach an impressive US$3 billion to US$6 billion annually.

Licensed Venues: Clubs and Casinos

Vietnam hosts 23 licensed electronic gaming clubs, primarily in Ho Chi Minh City and Hanoi. These clubs, operating from 5-star hotels, offer electronic and mechanical games. Notable mentions include the Vegas Club at Caravelle Saigon.

On the licensed casino front, seven establishments span Northern, Central, and Southern Vietnam, offering live dealer experiences, traditional table games, and electronic gaming devices. The Grand Ho Tram stands as the largest, with upscale amenities, fine dining, and a vibrant entertainment scene.

Emerging Players in the Casino Scene

Crown International Games Club in Danang has rapidly gained popularity, with an estimated monthly turnover of $3 billion. Plans for expansion, including a JW Marriott-branded hotel and a duty-free shopping mall, signify the growing momentum in Vietnam’s casino industry.

Image result for Crown International Games Club ai Danang

The Verdict: Vietnam’s Unique Casino Experience

In summary, Vietnam’s casino industry is in its early stages, navigating a delicate balance between moral considerations, tax revenue ambitions, and service economy growth. The allure of bleeding financial situations and the pull of potential tax revenues are driving Vietnam’s foray into the lucrative world of gambling.

If you’re planning a trip to Vietnam, don’t miss the chance to explore its burgeoning casino and gaming scene. Luxurious accommodations, VIP treatment, and Vietnamese hospitality await, offering a comparable experience to Macau or Las Vegas at a more affordable price.

Embark on this unique journey of chance and indulgence—Vietnam’s casinos await your discovery!

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