In mid-January 2017, Vietnam finally lifted its long-standing ban on domestic gambling, allowing Vietnamese locals to enter select casinos in the country.
The decree, due to come into effect on March 15, is a monumental victory for the gaming industry in Vietnam and the wider ASEAN market which is seeing new opportunities by the day.
“I’m happy to see that the Vietnam government has finally moved forward and is implementing a trial period allowing Vietnamese nationals into selected casinos within its borders,” commented Shaun McCamley of Global Market Advisors in an interview with Asia Gaming Brief, organizers of the ASEAN Gaming Summit 2017.
“There are huge opportunities in Vietnam in 2017 for local and foreign interests,” added Albert Climent of Bluesea Gaming. “Besides the massive integrated casino resort projects, hopefully by first half of 2017 a new horse racing and betting decree is expected to come out…. This will open up a whole new different spectrum of investment opportunities in the region, especially those related to horse racing and high street betting shops,” he said.
According to Professor Augustine Ha Ton Vinh, by 2018, the country will see a total of 6 integrated resorts, 50 hotel electronic gaming lounges, and 7 small casinos for foreign tourists, and gaming rooms at departure level of the country’s 7 international airports.
This year’s ASEAN Gaming Summit, held from 21-23 March, 2017 at the Conrad Manila in the Philippines, will feature all three of the Vietnam industry experts.
In their session held on Tuesday, 21 March, the speakers will discuss the strategies operators are exploring to attract Chinese, Thai and other VIP customers, as well as implications for investors and operators regarding the latest gaming decree.
It’s the must-attend event for Asia’s leading gaming executives and investors. Not only is it a meeting place for over 200 of Asia’s top land-based and online casino, sports betting and lottery companies, but it will also cover the upcoming regulatory developments and market opportunities in ASEAN’s gaming market.