Vietnam: Banyan Tree’s Laguna Lang Co casino expectation

Vietnam: Banyan Tree’s Laguna Lang Co casino expectation

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Singaporean resort developer Banyan Tree Holdings is expecting to receive the Vietnamese government’s approval to open a casino at its existing Laguna Lang Co resort in the centre province of Thua Thien-Hue.

The provincial People’s Committee last week stated that Ho Kwon Ping, executive chairman of Banyan Tree Holdings had asked provincial leaders to allow the developer to open casino, if given the go-ahead, will play an important role in the development of Laguna Lang Co – Banyan Tree Holdings’ first project in Vietnam.

Nguyen Ngoc Thien, Chairman of Committee, was quoted in the announcement as saying that the province supported Banyan Tree’s Casino proposal at Laguna Lang Co, as he believed it would benefit both the locality and the developer.

However, as the Ministry of Finance was currently drafting the nation’s first legal framework for casino businesses, Thien said the developer would have to wait until the National Assembly ratified the decree.

Laguna Lang Co, which opened in March last year. The 280-hectare resort is located near Lang Co Bay, and framed by a three kilometre beach in the Chan May region. This development includes Banyan Tree and Angsana branded hotels and spas, an 18-hole championship golf course designed by Nick Faldo, private villas and residences available for sale, convention facilities and a plethora of recreational activities for guests of all ages.

Since 1992, 50 electronic gaming facilities and seven casinos have been licensed nationwide. All of them are only to foreigners due to the legal ban on Vietnamese nationals gambling.

Talk Vietnam

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