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Three-year Pilot project the Government will let Vietnamese Gamble in approved Casinos

To receive government approval, the casinos must be part of an entertainment and hotel complex project with investment capital of at least $2 billion

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FILE - Residents place money during an illegal game of chance at a village outside Hanoi, Feb. 12, 2014. Vietnamese are passionate gamblers, from clandestine card games to bets on European soccer with underground bookies. VOA
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Vietnamese will be allowed to gamble in approved casinos and under certain conditions, in a three-year pilot project the government announced Friday.

Effective March 15, people over 21 with a regular monthly income of at least 10 million dong ($443) will be allowed to use the casinos, the government said.

To receive government approval, the casinos must be part of an entertainment and hotel complex project with investment capital of at least $2 billion, half of which must have been disbursed, and comply with several other requirements, it said.

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Vietnamese are passionate gamblers, from clandestine card games to bets on European soccer with underground bookies, but the handful of casinos operating in the country now are strictly for holders of foreign passports.

Three years after the first project opens to Vietnamese, the government will review the decree and decide whether to keep it.

A change in legislation could make Vietnam an attractive bet for big gaming companies such as Las Vegas Sands, Genting Bhd, Nagacorp and Penn National Gaming, which have expressed interest, should locals be allowed to take part.

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The appeal has much to do with Vietnam’s demographics and its location, just a few hours from many Asian capitals and within easy reach of wealthy Chinese, who provide the lion’s share of gaming revenue.

There are now fewer than 10 casinos in operation in the country.(VOA)

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MGM Springfield Is Now Open For Business

The MGM Springfield will no doubt provide a great economic boost for Massachusetts

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MGM Springfield
MGM Springfield Is Now Open For Business.

You might think that online gambling has taken over from bricks and mortar casinos but actually this is far from the case. The casino industry continues to thrive – in America last year, casinos generated a record $40.28 billion. This week there has been another welcome addition to the industry, the MGM Springfield in Massachusetts. This enormous casino resort which cost a reported $960 million opened its doors on Friday 24th August to enthusiastic gamblers, with their stakes ready.

An Experience For The Senses

MGM have taken a detailed look at the psychology of playing casino games when designing The Springfield. There is limited natural light and windows, and no clocks, so that you can’t tell what the time is – you are more likely to linger longer and lose track. The first visitors spent six hours exploring the 125,000 square foot casino, that comes complete with 2,500 slot machines. There are also 120 gaming tables, featuring all the popular casino attractions  poker to blackjack.

It’a more than just a casino however. The Springfield boasts restaurants shopping and entertainment. It is a one stop shop for the community, and is expected to draw in 15,000 visitors every day. The inauguration ceremony was certainly something to behold, there was an enormous parade around the city, featuring a local celebrities, a marching band, and a procession of Budweiser Clydesdale horses. It was a true spectacle, but then there are many reasons why Springfield has reason to celebrate with the opening of this casino.

MGM Springfield
MGM Springfield at Massachusetts.

The benefits to the community 

The MGM Springfield is set to provide a massive boost to the local economy. It took three and a half years to build, providing work to a vast number of local businesses, from engineers to electricians. Now that the casino resort is finally open, it is employing over 3,000 members of staff, it has been estimated that 35% of Springfield residents will be employed at the MGM. Massachusetts City received $15 million from the company as part of the agreement to build. They are also reported to benefit from the resort to the tune of $25 million a year. This is an immense income that could benefit the city and those living there in other ways.

Future developments

MGM spokesman Severus Mancini has confirmed that even after opening weekend, the Springfield casino will continue to draw in large crowds. To add to the excitement, there will be a brand new seven screen Regal Cinema opening at the resort next month, drawing in families to catch a movie and then grab some dinner. There are also plans for some incredible live music acts to play, bringing more crowds and income to the area. Stevie Wonder is playing on 1st September. Here’s hoping that he plays Celebration for Springfield.

Bricks and mortar casinos are alive and well – and whatsmore, they are attracting bigger crowds than ever. The MGM Springfield will no doubt provide a great economic boost for Massachusetts.