{"id":456,"date":"2017-01-16T13:39:50","date_gmt":"2017-01-16T06:39:50","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/vietnam\/?p=456"},"modified":"2017-01-16T13:39:50","modified_gmt":"2017-01-16T06:39:50","slug":"vietnam-casino-gambling-latest-news-vietnamese-allowed-to-gamble","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/vietnam\/2017\/01\/16\/vietnam-casino-gambling-latest-news-vietnamese-allowed-to-gamble\/","title":{"rendered":"VIETNAM CASINO GAMBLING LATEST NEWS \u2013 VIETNAMESE ALLOWED TO GAMBLE:"},"content":{"rendered":"

The Ministry of Finance in Hanoi (MOF) just revealed some proposed contents of the long-waiting casino business decree (Casino Decree<\/strong>).<\/p>\n

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).<\/p>\n

Local players are permitted to enter casinos if they essentially satisfy 04 following conditions:<\/p>\n

    \n
  1. 21 years old or above;<\/li>\n
  2. Monthly salary of VND10 million or more (equivalent to approximately US$440);<\/li>\n
  3. Entrance fee is VND1 million (US$44)\/24 hours\/a person;<\/li>\n
  4. Not objected in writing by siblings, spouses and\/or biological and adopted parents to play at casinos.<\/li>\n<\/ol>\n

    Investors or management companies must have at least 5 years of experience.<\/p>\n

    Minimum investment capital is US$4 billion (it is also rumored that this amount can be reduced to US$2 billion. No license is issued unless the investor has already injected 50% of the committed investment capital).<\/p>\n

    Only one casino for one project.<\/p>\n

    Depending on committed investment capital, the number of gaming machines and tables can be different.<\/p>\n

    For any casino projects licensed AFTER the issuance of the Casino Decree, for each US$10 million investment capital lot, enterprises are granted with a table and 10 gaming machines. For projects licensed BEFOREHAND, the number of gaming machines and casinos are subject to contents of their already issued investment certificates.<\/p>\n

    No specific timeline on when the Casino Decree will be issued.<\/p>\n

    We will keep updating you on latest developments!<\/p>\n

    If you have any question on the above, please do not hesitate to contact Mr. Oliver Massmann under omassmann@duanemorris.com<\/a>, Oliver Massmann is the General Director of Duane Morris Vietnam LLC.<\/p>\n

    Thank you very much!<\/p>\n

     <\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    The Ministry of Finance in Hanoi (MOF) just revealed some proposed contents of the long-waiting casino business decree (Casino Decree). 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 … <\/p>\n

    Continue reading “VIETNAM CASINO GAMBLING LATEST NEWS \u2013 VIETNAMESE ALLOWED TO GAMBLE:”<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[53,462,402,190,202,201,26],"ppma_author":[1007],"class_list":["post-456","post","type-post","status-publish","format-standard","hentry","category-vietnam-general","tag-casino","tag-decree","tag-gamble","tag-lawyer","tag-massmann","tag-oliver","tag-vietnam"],"authors":[{"term_id":1007,"user_id":24,"is_guest":0,"slug":"omassmann","display_name":"Dr. Oliver Massmann","avatar_url":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-content\/uploads\/sites\/19\/2014\/08\/massmannoliver-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/posts\/456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/comments?post=456"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/posts\/456\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/media?parent=456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/categories?post=456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/tags?post=456"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/ppma_author?post=456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}