Asia doubling

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The recently published Ernst & Young report “Reviewing the market: The 2008 Global Gaming Bulletin” lists the number of casinos in the eastern region of Asia at 121. For all of Asia and the Middle East, the listed number is 213, although the real number of casinos is imagined to be much higher.

Lately, Vietnam has been receiving a lot of attention, with the government looking for investors who are willing to put up billions for regional tourism and convention development. Such large-scale development is a prerequisite for those looking to include a casino in their plans.

The latest to break ground in Vietnam is the $4.2 billion beach resort development project from Asian Coastal Development. The company, an initiative of Canadian entrepreneur Michael Aymong, plans to eventually have five resorts and an international conference center operating at the Ho Tram Strip, a beach area 50 miles southwest of Ho Chi Minh City.