Vietnam could be changing its approach to gambling regulation as local media claims two land based casinos could be on the cards for local gamers.
Frameworks are severe about restricting gambling by local residents. Vietnamese people are now not allowed to gamble, wager online or bet on sports.
But experimental programs have been introduced that allow residents to bet in these locations, and these pilot programs are being extended for another five years.
The Grand Ho Tram and Van Don Integrated Resort are the two resorts at the center of the growth of the pilot program.
In an effort to assure the financial sustainability of each entrant, the Ministry of Finance has set an entry charge of VND 2.5 million (about $100 USD) for each 24-hour period of casino access and VND 50 million (about $2,000 USD) for a monthly pass.
The trial expansion will need final approval from Vietnam’s Prime Minister Pham Minh Chinh and the country’s finance minister.
This is a comparable approach to Singapore, a framework many believe is the gold standard in Asia.
This is the next step in the growth of the country’s decree on gambling and it also guaranties the presence of foreign online game suppliers in the region, in an effort to enhance their relations with the country’s local laws and market development.
Age verification and surveillance measures for casinos are also being imposed as part of the pilot program extension.
Vietnam’s Corona Resort & Casino in Phu Quoc was previously used as part of the trial to allow local citizens to gamble. The outcomes of this trial were severely impacted by COVID yet it is stated that the resort might be enabled to include local players on a permanent basis.
This is a move that further bolsters that evolution of the gaming framework and the country’s changing posture about casinos.
