The seven (7) licensed casinos in Vietnam are:
- Ho Tram Resort Casino in Ba Ria Vũng Tàu. Opened on 2014
- Phoenix International Club in Bac Ninh. Opened since Mach 25, 2015
- Aristo International Hotel & Casino in Lào Cai. Opened since May 18, 2014
- Crown International Club next to the Crowne Plaza in Đà Nẵng; Jan 22, 2010
- Royal International Gaming Club in Hạ Long
- Doson Casino Resort in Hải Phòng City.
- Not yet operational is the Nam Hoi An Casino Resort. All of these casino resorts feature live dealers offering traditional and regional table games, slots and other electronic gaming devices, casual and fine dining, and upscale accommodations with all the amenities you would expect from a 5-star hotel.
Promising new complex
Vietnam may soon be home to a new $ 2 billion integrated casino resort on Hon Tre Island in Khanh Hoa province, positioned on the south-central coast. According to local media news, the entertainment and hotel company Vinpearl Co, which is a part of the Vingroup Joint Stock Company, has offered a new complex, which will include a casino, a luxurious hotel with 1200 rooms, conference rooms and a transport system. It is also planned to prepare the area for another luxurious hotel. The cost is going to be around US $ 2.2 billion.
Vietnam’s gambling regulations require investors to invest a minimum of US $ 2 billion in any new complex in order to obtain a casino license. Nowadays there are 8 legal casinos in Vietnam;
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Vinpearl’s proposal includes a number of projects that are in progress on Hon Tre Island, such as several hotels, golf fields and villa projects. The first round of the development process will include an investment of US $ 1.1 billion and will include a brand-new casino, which will start to operate in 2024 and will include more than 200 table games and 2,000 slot machines. The second round is expected to be finished in 2025, will have a 1,200-room hotel, conference center, transport, other technical infrastructure, and a larger entertainment complex that will house a casino. When they get approval from regulatory bodies, the casino will become the second biggest in the Khanh Hoa region, along with the KN Paradise Cam Ranh project, which was approved in 2019, and is planned to start operating in 2023.
Chinese factor
Recent events, including not only the Covid-19 pandemic but amendments to the Chinese legal code banning so-called “cross-border” gambling, pose problems for any casino business model in the Asia-Pacific region focused on attracting foreign players, especially Chinese ones.
The biggest casinos in Vietnam
Casino Do Son was the first to be approved to operate gambling in Vietnam, and this brand started working two decades ago. This casino is one of the most heavily guarded and Casino Do Son does not allow Vietnamese people to gamble or even enter. Casino Do Son also confirmed that the use of cameras, bags and similar objects is prohibited, and people under the age of 18 are not accepted to enter. This brand has a long history in Vietnam, and the company had many great and bad times in financial terms. In particular, after the first 3 years of losses, Do Son Casino made a profit in the following years. They started to make a profit again in 2005 and they earned more than US$ 45 billion. So far, the market share of Casino Do Son has been declining due to aggressive competition from newer and more modern casinos.