Vietnam’s gaming market is worth up to US$1.2 billion, according to a new study by Union Gaming, with the Southeast Asian nation’s gaming industry suffering from “less than optimal geographic distribution and less than optimal regulations.”
The study, conducted by Macau-based analyst Grant Govertsen, surveyed around 30 gaming facilities in Vietnam comprising 400 gaming tables and 3,000 slot machines ranging from small slots parlors to the luxury integrated resort The Grand Ho Tram located on the east coast outside of Ho Chi Minh City.
However, it does paint a positive picture for Hong Kong-listed Suncity Group Holdings, which has recently acquired a 34% stake in an Integrated Resort project in Hoi An. The deal, which will also see Suncity Group provide consulting and management services, should provide solid return on investment according to Govertsen with Phase 1 – due to open in 2019 – providing 140 gaming tables, 1,000 electronic gaming machines, a golf course and almost 800 hotel rooms.
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