In Vietnam, the Laguna Lang Co shore resort close to the historical town of Hue was allegedly awarded a casino license late last month and could now start inviting both foreign and domestic players as soon as 2022.
According to a Friday report from GGRAsia citing an earlier narrative from TTG Asia, the beachfront property possessed by Singapore-listed hospitality company Banyan Tree Holdings Limited opened in April of 2013 and already features a 229-room hotel alongside a 57-unit villa complicated and also an 18-hole golf course designed by Sir Nick Faldo.
January saw the state ’s Ministry of Planning and Investment urge that the venue from Thua Thien Hue province be given permission to operate a casino as part of a three-year trial and this allegedly prompted widespread speculation that American company Hard Rock International might be prepared to sign on as an operating partner.
“Lots of resort investors and growth funds have been anticipating the casino license and the selection of a casino operator before finalizing their investment into [the property’s second stage ],” Ho Kwon Ping, Executive Chairman for Banyan Tree Holdings Limited, allegedly told TTG Asia during last month’s Vietnam-Singapore Business Forum 2018 occasion.
GGRAsia moreover reported that an official 2015 requests for theories proposal saw Banyan Tree Holdings Limited detail that the granting of a gambling license would lead to it spending up to $2 billion in order to assemble as much as six five-star resorts and around 2,200 apartments and villas in addition to a $250 million casino.
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