Locals being granted permission to gamble at domestic casinos has given Vietnam’s growing hospitality industry an added boost. (Photo: JLL) HCM City (VNA) – Locals being granted permission to gamble at domesticcasinos has given Vietnam’s growing hospitality industry an added boost,according to JLL experts.
The government is allowing Vietnamese locals to gamble at two locations – thefirst in Van Don and the other on Phu Quoc Island – as part of athree-year pilot scheme. A third site in Ho Tram is expected to be added to thelist.
The news has evoked the interest of big international names such as Las VegasSands, along with local conglomerates like Sun Group, which is, so far, theonly Vietnamese company approved to develop a casino in Van Don. More hotelsacross the country are installing electronic gaming to boost revenue, accordingto the real estate services firm’s latest report.
“With Melco Crown Philippines being recognised as the best performing casinostock globally in 2017, it demonstrates that financial success can be achievedwith the right planning, and has motivated investors to pursue suchopportunities,” Frank Sorgiovanni, head of Research, Hotels and Hospitality JLLAPAC, said on the appeal of casinos.
“The Vietnamese tourism industry’s renaissance has also driven corporate demandfor hotels across the country, while visa exemptions, introduction of new directair routes and improved marketing efforts have boosted appeal for leisuretravellers,” Sorgiovanni said.
Vietnam’s gastronomical offerings are proving a further attraction for repeatvisitors, especially from Asia, Sorgiovanni said. “The country is fastbecoming a ‘foodie’ destination with a vastly improving food and beveragescene,” he added.
“The outlook for the tourism and accommodation sector is bright with continuedmarketing efforts, improvements in infrastructure and further development ofhuman resources and services,” Sorgiovanni said.
“Foreign investors from across the region have shown significant interest inVietnam over the past 18 months and the country is becoming one of themost talked about markets in the Asia Pacific,” he added.-VNA
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