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The Quang Ninh Tax Department says it has found the casino violating corporate tax and value-added tax regulations after inspecting returns filed in 2017 and its value-added-tax receipts until February 2018. The department has levied total fines of $15,000,…
Macau’s gaming sector rebounded in 2017 with total visitor arrivals growing 5.1% year-on-year. With increasing visitors, gaming and retail sales has rebounded dramatically however distribution of these gains has not been equal. During the fourth quarter of…
Casino establishments in Việt Nam must soon equip their venues with features like a working camera system to aid the Ministry of Finance (MoF) in supervising the casinos’ operations, as part of the MoF’s plans to legalise casino activities for Vietnamese…
The casino at the Jeju Shinhwa World resort on South Korea’s Jeju Island has pushed back its opening date yet again, with officials this time citing a delay in the transfer of a casino license from another gaming facility. Jeju Shinhwa World has opened many…
Macau’s biggest junket operator Suncity Group plans to pour billions of dollars into building a resort in Vietnam’s popular resort town of Hoi An, Bloomberg reported. The group has teamed up with Vietnam-based closed end fund VinaCapital and Hong Kong-based…
The owners have reported multi-million dollar losses, blaming a drop in Chinese gamblers visiting Ha Long Bay. The company running the only casino in Vietnam’s famous Ha Long Bay appears to have been dealt a bad hand. The Royal International Corporation said…
The government is allowing Vietnamese locals to gamble at two locations – the first in Van Don and the other on Phu Quoc Island – as part of a three-year pilot scheme. A third site in Ho Tram is expected to be added to the list. The news has evoked the…
The company claims the track could earn $2.2 billion a year now that betting has been legalized in Vietnam. A Hong Kong-based company has been given the all clear to conduct a feasibility study for a racecourse in Vietnam’s southern city of Can Tho. SIBC…
Seven businesses have been licensed to operate casinos in Vietnam. Pham Ngoc Nam, deputy general director of Royal International Corp – the owner of a five-star hotel complex with a casino in Halong City, told the paper that the firm has been waiting for a…
The $4 billion Nam Hoi An integrated resort project wad restarted by VinaCapital after it found a new partner for the joint venture. The new investor is Chow Tai Fook Enterprise from Hong Kong. The project kicked off in 2007 and received an investment…
From March 15, 2017, Vietnamese citizens will have the right to play at casinos licensed by the government. However, they must be 21 years old or above with “full capacity for civil acts of individuals” according to Vietnamese law, have proof of regular…
The decree, titled 03/2017/NĐ-CP, allows foreigners and overseas Vietnamese situated abroad with a valid foreign passport to gamble in casinos in Vietnam. Vietnamese citizens can now also be admitted into domestic casinos, on a three year trial basis. After…
Macau’s total visitor arrivals rose a nominal 0.8% to a new record 30.95m in 2016, with nearly 28m travelling from Greater China markets (+0.1%), a slight increase of 0.1%, whereas the much smaller international visitor arrival total grew by 7.9%. This will…
Citizens over 21 years old with a monthly income of at least $445 will be allowed to enter local casinos from mid-March. Betters in gambling-mad Vietnam will soon be allowed to stake their fortune in some casinos across the country, the government said…
Research from HSBC shows a growing number of Chinese tourists visiting Singapore fuelled a 44 per cent increase in retail spending in the first half of this year, versus the same period last year. That put retail ahead of casinos in terms of tourist spending…
Thai retailer Central Group expects revenue to rise 21 per cent to Bt320 billion ($9.17 billion) this year following strong growth in overseas business plus tourist spending. Controlled by Thailand’s Chirathivat family, Central is seeking to expand in…
