Today is a good day for people who live in Vietnam, meaning those who love to gamble, because after many years of prohibitions, they will now be able to enjoy their favorite hobby!
What Can They Expect?
Although this is great news for the gamblers, they need to keep in mind, that, for the time being (at least according to Asia-focused media outlet Nikkei) this is just a probation that will probably last around three years.
Nevertheless, it will allow the citizens to gamble at casinos on Phu Quoc Island which is a very popular place in Kien Giang.
No one knows for sure what changed their minds. The only thing that comes to people’s mind is maybe the realization that it is somehow safer to regulate and legalize it, then to forbid it because it will only cause more harmful effects.
Upcoming Pleasant Surprises!
Besides approving the already mentioned project, the central government has more interesting things to authorize. These include horse racing facilities, more casinos, dotting the Vietnam landscape, …
It looks like Vietnam has a lot of plans that are waiting for the approval from the regulators. For instance, a horse racing facility in the Soc Son District has been approved recently. They’ve been waiting for one decade for it!
Vingroup, one of the leading real estate companies from this country will be one of the first ones that is going to test this program. Why them? Well, it’s because they already have the casino which has a capital investment of more than $2 billion.
Furthermore, it is also part of an amusing complex that was funded by Phu Quoc Tourism Investment and Development, which is a Vingroup subsidiary.
The Opening of the Casino:
Notwithstanding things are going pretty smooth, the casino is not yet fully functional due to the fact that it is still waiting on the license from the regulators. Everything else is almost completely finished besides that.
If they manage to get the license in the foreseeable future, then it will probably start working in the beginning of next year. The entire process is a little bit exhausting because it requires various different components.
In the last couple of years, Vietnam has experienced a lot of problems with illegal gambling, therefore the country was almost forced to open one casino in order to somehow protect its citizens.
Since March of 2017, people have been able to gamble in their motherland but the authorities wanted to create a certain tool that is going to help them supervise the entire situation.
The Rules For The Gamblers:
Certain rules must be set in order to make things more functional. Each player must be at least twenty-one years old. He must verify monthly earnings, which mustn’t be lower than $427. He cannot have any criminal record!
The entry fee is going to be $50 and everyone who wants to gamble must purchase a monthly gambling permit!
Source: “Vietnam Preparing To Open Casino Doors To Locals” https://calvinayre.com/2018/11/29/casino/vietnam-preparing-open-casino-doors-locals/. Calvin Ayre. November 29, 2018.
Comment: I am reading this article over and over again and I am still not sure what to think about this decision.
