Vietnam. Gaming is a reasonably strong pastime with many frequenting Cambodian casinos or via a black market. Te average gaming propensity for Vietnam locals is from six to 12 per cent according to reports. It has been suggested that the government loses about $800m in tax revenue per year from locals who gamble across the border.
Te accumulated sales of the casinos at the end of 2014 was VND3,425bn contributing VND1,077bn to the state budget.
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Te casinos offer table gaming, slots and electronic table games and currently only permit those players with a foreign passport, which of course impacts the market. Most casinos are located near major cities and a casino licence is only given to those with a five star hotel or form part of a larger resort property.
Te casinos rely heavily on junket trips from nearby Asian countries, particularly Chinese and Korean players. Being a country with a ‘walk in’ border to China its gambling sector in
In addition to its extremely strong economic growth, Vietnam is considered a stable macro-economy. Inflation, one of the major economic issues that Vietnam was experiencing in recent years is steadily diminishing.
The inflation rate dropped from 18.7 per cent in 2011 to less than 1 per cent in 2015, with the average rate of 7.8 per cent in the last five years.
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reality could be huge. Vietnamese players meanwhile flock to the border towns in Cambodia, like Bavet or NagaWorld in Phnom Penh, or head to Singapore and Macau which are just a three hour flight away.
Te casinos which are currently open in Vietnam are:
HAI NINH LOI LAI CASINOin Mong Cai found inside the hotel of same name. Tis is a three floor hotel and houses tables and slot machines.
Vietnam is a very peaceful and safe country. According to World Bank's Political Stability and Absence of Violence Index, Vietnam ranks considerably better than most Southeast Asian countries, taking second place after Singapore. Moreover Vietnam faces very little ethnic or religious tensions. The crime rate is among the lowest in Southeast Asia, and violent crimes are extremely rare. Generally, the Vietnamese are law-abiding people.
NEWSWIRE / INTERACTIVE /
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