Friday July 20, 2018
Home World Three-year Pi...

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

0
//
96
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
Republish
Reprint

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.

NewsGram brings to you top news around the world today.

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.

Check out NewsGram for latest international news updates.

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)

Click here for reuse options!
Copyright 2017 NewsGram

Next Story

Casino Games Popular with Indian Gamblers

However, the one denominator in all states that allow gambling is the fact that gamblers in India seem to have a penchant for the same types of casino games

0
Casino Games Popular with Indian Gamblers
Casino Games Popular with Indian Gamblers. Pixabay

India is a large country and what you find in one part of the country may on occasions be totally different from what you may find in another part of India. This is more so true when you consider gambling legislation in the country. As formulating laws for gambling is a state requirement rather a central government requirement, some states allow gambling while some states are totally against gambling. However, the one denominator in all states that allow gambling is the fact that gamblers in India seem to have a penchant for the same types of casino games.

Roulette
Popular in the West, roulette is also popular in the east, most notably in India. Many gamblers in India prefer playing roulette. The reasons behind are not really clear but one may not rule out the seemingly simple nature of roulette which draws most people to play it. For casino beginners, roulette seems to be the game of choice as one does not need a certain degree of skill to start playing it. In India, however, roulette is not just a game for the beginners, it is a game for everyone, beginners and regulars included. Gamblers in India do not just restrict themselves to playing roulette at land-based casino resorts, they
also enjoy online roulette playing on the desktop or on mobile devices in the comfort of their homes.

roulette
Representational image. Pixabay

Blackjack
Another game that draws a number of gamblers in India to the casino is blackjack. Blackjack or as it also called in India, Twenty-One is a game that requires a degree of skill. This then means it’s different from roulette, a game gamblers can play even without prior knowledge of the game. The reasons behind the popularity of blackjack in India are not clear, seems different gamblers have their own reasons for playing the game. However, despite the multiplicity of the reasons, one seems to stand apart and that is blackjack’s moneymaking powers. Blackjack is regarded by most gamblers to be the game that pays out the most. This is to say that gamblers when they opt for blackjack, they are not necessarily looking for entertainment but rather, they are looking for profits.

Craps
Craps may not have a huge following in the West but that is different when you come to India. In India, craps is one of the most popular casino games. It’s not really difficult for one to see the reason behind the popularity of the game in India. In days gone by, people (men) in India used to play a traditional Indian game which resembles craps at public gatherings or when they were out and about meeting friends and socialising. This game was played for fun mostly though others did play the game for profit. With the advent of casinos in the country, gamblers were quite happy to realise that a game very much like the game they used to play was also on the casino games menu. This then meant that they would continue rolling the dice but this time, not only for fun but for profit.