On 20 January 2017, the Government issued a long-awaiting casino
business decree No. 03/2017/ND-CP (Casino Decree)
allowing Vietnamese nationals to gamble in the country fort the
first time in history on this scale.
Here are the key features of the Casino Decree:
Casino business, as defined by Casino Decree, means prize
winning games on (i) electronic gaming machine with prizes (i.e.
– men vs. machine) and (ii) gaming table with prizes (i.e.
– men vs. men).
Casino business is treated as a conditional business sector.
Investors must apply for a licence which is evidenced by a
certificate of satisfaction of casino business conditions (the
Casino BusinessLicense in
A casino must be located inside a larger resort complex or the
like. No separate casino sites are permitted. This requirement
obliges the applying entities to go through 02 licensing processes,
investment registration certificate for resort complex
(ii) A Casino Business
License for the casino itself.
A Casino Business License's term is within 20 years from
the date of issuing the relevant IRC or in-principle approval of
the investment. Another 10 year extension is permitted but still
within the lifespan of IRC.
Conditions are various and somewhat ambiguous and discretionary
including a US$2 billion of total investment capital. 50% of which
must be contributed before issuance of the Casino Business
Local Vietnamese will be permitted to gamble at specific
casinos approved by competent authority on a 3-year trial basis
(i.e. – calculating from the first day opening of the
authorized integrated resorts). According to the public media, only
02 casinos are open to Vietnamese individuals on a 3-year piloting
scheme, which are located within complex resorts in Phu Quoc
District, Kien Giang Province (South Vietnam) and Van Don District,
Quang Ninh Province (North Vietnam). Probably the Ho Tram Resort
will join the list.
Local players are permitted to enter casinos if they
essentially satisfy 05 following conditions:
(i) 21 years old
(ii) Monthly salary of
VND10 million or more (equivalent to approximately US$440);
(iii) Paying entrance fee of
VND1 million (US$44)/24 hours/ person or VND25 million (USD1,100)/
(iv) Not being objected in writing
by siblings, spouses and/or biological and adopted parents to play
Vietnamese currency is the only currency used for conversion
transactions at casinos for local players.
For local players, entrance fee for a 24 hour participation is
US$45 (or $1,100 for a monthly unlimited pass).
Number of gaming tables and gaming machines depends on
investment size. That is, for each US$10 million lot that the
investor actually released, a package of 1 gaming table and 10
gaming machines are permitted.
Disclaimer:This Alert has been
prepared and published for informational purposes only and is not
offered, nor should be construed, as legal advice. For more
information, please see the firm's
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