Laguna Lang Co., which issued a request for concepts in May for an integrated entertainment facility in Vietnam’s Thua Thien-Hue Province, has announced it is extending the submission deadline to September 15 due to strong interest in the project.
Phase I of the development included a 57-villa Banyan Tree resort, luxury residences, a golf course and other amenities. Phase II includes condominiums and additional villas overlooking the East Sea. Phase IIA may add a gaming facility, according to a release from the company.
“With the potential loosening of the country’s gaming law, we’re expecting to attract more foreign investments,” said Andrew Klebanow, a partner at Global Market Advisors, the firm conducting the gaming market assessment for a possible casino. “We believe that this extension is necessary in order to allow parties time to fine-tune their concepts as well as encourage more investors to participate in this RFC process.”