The Hoiana, a mixed-use real estate project that will feature a casino, hotels, resorts and an 18-hole golf course, is anticipated to complete its first phase of development in early 2020 and will then begin phase II development.
Located on Hoi An beach in Quang Nam province, and close to Da Nang, Vietnam’s third largest city, the Hoiana project is being developed in seven phases over a 13 years period on a 985-hectare site. The projects first phase includes the development of 1,000 hotel rooms, a casino with 140 gaming tables and 300+ slot machines, and an 18-hole golf course.
Currently there is only one casino in the central region of Vietnam that is open to foreigners, the Danang Crown International Club, and the Hoiana casino will become the second one that will welcome foreign visitors.
|Phase I development of the Hoiana resort and casino project|
As international tourism to Vietnam grows, a variety of tourism developments are in development or planning which seek to take advantage of tourism segments including business travelers, families, sports enthusiasts and gamblers.
In June 2018, Singaporean investor Banyan Tree Holdings was permitted to boost its investment in the Laguna Lang Co project in Thua Thien Hue from $875 million to $2 billion, with the additional capital being spent on its casino business and more hotel rooms.
When the Laguna Lang Co project comes online in 2021, the entertainment area will include a 2.64-hectare casino that is being built at a cost of $250 million USD.
In Ba Ria-Vung Tau province, the Grand Ho Tram currently operates one casino within its resort complex, and a second casino is now under construction. Both the Grand Ho Tram and Laguna Lang Co casinos are only open foreigners and overseas Vietnamese.
Currently there is the only casino in Vietnam that is presently available for local citizens, the Corona Casino, located on the north of Phu Quoc Island. While Vietnamese government tourism authorities recognize the attraction of gambling as a component of tourism activities, they are extremely reluctant to allow local Vietnamese in to casinos and have set regulations in place to limit the accessibility of casinos to ordinary citizens.