Global Casino BOOM

Pilot Basis??? Ok its a start, and apparently a big start based on the numbers being thrown around.  Thanks for this article Dewet:

Phu Quoc Island off Kien Giang Province will develop a complex of tourism, entertainment, and casino services on a pilot basis there following the latest decision from the central government, an official of the island district said.

Phu Quoc Island.
The Prime Minister has just agreed to the scheme to carry out one pilot project on Phu Quoc and asked related ministries to draw up criteria to select the best investor for the complex, the official told the Daily.

“The Government has just agreed on the development of one complex of these services there,” he said.

He said that three to four big investors have shown keen interest to spend billions of US dollars in developing casino projects on Phu Quoc, not to mention numerous other small investors.

Phu Quoc Island, nearly an hour’s flying from HCMC, has a coastline of some 150 kilometers. It takes about an hour or so to fly from the 561-square-kilometer island to Thailand, Indonesia, Malaysia or Singapore.  (more…)

Here is a great overview of the casino boom that is underway in Vietnam. To be honest, there were so many billions of dollars being thrown around in the article that I lost track of the total investment.

You have to admit, Vietnam has some of the most beautiful beaches in the world - just take a look at one of the Phu Quoc Islands above. If Macao and Las Vegas can be huge tourist attractions, then just imagine the potential of some of these beach casino resorts.

Some of the big names that were mentioned and that I’m keeping my eyes on are:

• Asian Coast Development’s Ho Tram Strip casino and hotel complex
• Oaktree’s Hoa Van casino
• Trustee Swiss’s Phu Quoc Island

And there are plenty more so read the entire article.

Before we get carried away (more…)

You never know what to make of these announcements that some company you never heard of is developing a multi-billion dollar casino resort. This time its a company called Pearl of Asia, which is a subsidiary of Trustee Suisse, that wants to build a big casino complex on Phu Quoc Island, Vietnam. The size - US $9 billion. (more…)

US company LIZ has applied for a license to build a US$4.5 billion casino-cum-resort in Phu Quoc Island off the Mekong Delta province of Kien Giang.

The Kien Giang Province People’s Committee has submitted the project to the Government for approval.

If LIZ is permitted to carry out the project, it will pour an additional US$4 billion into transportation infrastructure in the southwestern region and Phu Quoc Island .

It has also committed to expanding local coffers with non-refundable aid of $50 million (more…)