Grand Ho Tram

    The Ho Tram Strip is a multi-phase luxurious oceanfront resort destination in Ba Ria-Vung Tau Province in southern Vietnam.The first phase of its development is The Grand – Ho Tram Strip, Vietnam’s first large scale integrated resort and ultimately will include an 1,100-room, five-star hotel, a world-class gaming facility, restaurants, premium meeting space, an exclusive VIP area, a championship golf course, as well as a variety of beach-front recreation activities. The first 541-room tower of this development opened in July 2013, with its second 559-room tower on track to open in 2015. It will be the initial component of the largest integrated resort complex in Vietnam.The second integrated resort will be operated by Pinnacle Entertainment Group, and the Ho Tram Strip will further include three other five star resorts, all set along a 2.2 kilometer beach-front, surrounded by protected forest, and located around 2.5 hours from Ho Chi Minh City.The Ho Tram Strip further includes a Greg Norman designed golf course, The Bluffs, which Mr. Norman himself described as “one of the three most beautiful courses” that he has ever been associated with.With a focus on providing a personalized blend of excitement and relaxation, the Ho Tram Strip will feature something for everyone, from lavish entertainment to premium shopping and exceptional recreational facilities.

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    Vietnam Ha Long Bay

    Slow but steady progress 

    Vietnam’s gambling industry stayed largely out of the headlines in 2019, though projects have been inching their way forward, with the country’s largest resort to date scheduled to open in the first half of this year.

    Indochina’s winners and losers

    Over the past 20 years, parts of Indochina have become a hotbed for casino gaming. Yet while this corner of Southeast Asia can be a challenging environment and not a guaranteed license to print money, certain casino operators have struck gold there. Arguably two of the region’s biggest winners are Crown International Club in Danang, Vietnam and NagaWorld in Phnom Penh, Cambodia.

    Taking stock

    Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.

    Vietnam’s gaming decree imminent, locals to be allowed in two IRs

    The ruling Communist Party of Vietnam has recently made it clear that it supports the creation of a new gaming industry and will allow local Vietnamese to enter designated casinos on a trial basis. AGB spoke to Prof. Augustine Ha Ton Vinh about the new legislation during the East Meets West Regulators Summit in the Philippines, Oct. 26-28, 2016. Vinh is a Vietnam gaming expert and Senior Advisor to the Van Don Special Economic Zone and Integrated Resorts. He was a guest speaker at the Summit and told us locals will be allowed in two venues.

    Squeezing liquidity from fixed assets

    The dramatic slump in Asia’s VIP revenue over the past two years has forced operators to trim costs and diversify income sources to plug the gap. While much of the focus has been on boosting non-gaming and tapping into the mass market, companies have also been looking at ways of unlocking shareholder value through monetizing extensive fixed assets. From real estate spinoffs, to timeshares and outright sales, many options are being considered.  

    Politics hobble Vietnam’s gaming potential

    Vietnam’s slow-moving legislative process, combined with the burden of the existing regulations, means the country’s full potential as a gaming destination won’t be reached until the next decade at the earliest, industry experts say. Although there has been a lot of speculation that there will be some relaxation of these rules, it now doesn’t look likely to happen for some time to come.