Saturday, August 13, 2022

Privately-owned casino in Vietnam makes millions in Chinese VIP revenue


The declining VIP gambling scene in Macau has proved beneficial for Danang, Vietnam based casino and resort, Crown International Games Club.

The small, privately owned beachfront casino has emerged as one of the most popular sites for wealthy Chinese to place VIP level bets, with VIP revenues exceeding those in Cambodia, Philippines and Malaysia.

Crown is owned by Chinese business Hui Kong, and is one of seven licensed casinos in Vietnam. So far, the Chinese are the biggest client base for the Crown and Vietnam’s other casinos, working typically with junket operators.

Industry executives estimate monthly VIP revenues have increased over the past year to HKD $3 billion (USD$387 million) a month.

The resort complex will double the number of rooms as part of a $600 million redevelopment plan, which will include a JW Marriott-branded hotel, a duty free shopping mall and an expansion of the casino.

Industry analysts have said that Vietnam could become a major Southeast Asian casino hub once it revises the laws prohibiting locals from gambling. According to The Malaysian Star, the restriction may be debated in 2016.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief