MoF proposes extending casino pilot program by two years

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Particularly, the ministry recommended the Authorities add two casinos specifically a on line casino enterprise mission on Hon Tre Island, Nha Trang Metropolis, Khanh Hoa Province and the one other at Solar World Ba Na Hill vacationer space in Da Nang Metropolis.

The 2 initiatives are anticipated to help tourism improvement, in addition to appeal to worldwide guests and monetary buyers.

For Solar World Ba Na Hill vacationer space, the investor has invested VND16 trillion (US$695 million) within the mission. There was no large-scale on line casino in Da Nang Metropolis to date.

The tourism and leisure complicated with a on line casino on Hon Tre Island, Nha Trang Metropolis, has seen Vinpearl JSC make investments VND 25.7 trillion to date, together with a resort, an amusement park, a golf course and a conference heart.

The MoF reported that Vietnam homes 9 operational casinos through which the Phu Quoc-based on line casino is piloting this system permitting Vietnamese nationals play video games. The income minus cost prices of Phu Quoc on line casino is VND 3.2 trillion. At the moment, the on line casino has misplaced about VND3.9 trillion.

On line casino enterprise income elevated from VND 1,190 billion in 2017 to VND 2,677 billion in 2019. Nonetheless, the COVID-19 pandemic has negatively impacted on the tourism sector and on line casino enterprise through which income dropped to VND 1,727 billion in 2020 and VND 1,359 billion within the first half of 2021.

The operational casinos contributed almost VND 3.6 trillion (US$ 154 million) to the nationwide finances.

Supply: VGP 

Extra buyers need to open casinos in Vietnam

The newest report of the Ministry of Finance to the Authorities has mirrored the outcomes of on line casino enterprise actions of 9 corporations in Vietnam.