Vietnam’s Ministry of Finance has reiterated that only foreigners and Vietnamese living in other countries will be allowed to gamble at the new Ho Tram resort scheduled to debut next year.
The ban on locals shuts off the casino portion of the development to some 88 million Vietnamese. Citing fears of problem gambling, a government economist also told Tuoi Tre News that additional casinos shouldn’t be built in cultural centers or areas with a high population density.
Canada’s Asian Coast Development Ltd. is behind the US$4 billion Ho Tram resort, which will open in phases on beachfront land along the South China Sea about 75 miles from Ho Chi Minh City. The first phase, consisting of a hotel, a casino and other attractions, will be managed by Las Vegas-based MGM Resorts International.
ACDL says it intends to rely on the 6 million people who now visit Vietnam annually and another 3 million Vietnamese with foreign passports living abroad who would be eligible to gamble.