Vietnam's US$2B Van Don Resort to Transform Tourism, Gaming Landscape
Vietnam is set to revolutionize its tourism and gaming scene with a US$2 billion integrated resort in Quang Ninh Province. The 'Van Don Integrated Casino & Tourism Complex', overseen by Don Sun Joint Stock Company, a subsidiary of Sun Group, will include a casino welcoming local players under a revised regulatory model. Locals can enter the casino with a daily levy of about US$100 or a monthly pass of US$2,000.
The resort, spread over 244.5 hectares, will deliver luxury resorts, condotels, retail hubs, entertainment facilities, hotels, convention centers, sports facilities, and wellness services. Construction is expected to run for nine years, split into three investment phases: US$964 million, US$849 million, and US$165 million.
Sun Group, renowned for transforming Quang Ninh Province's economy through projects like Sun World Ha Long, aims to elevate Van Don into the same league as global destinations like Macau and Las Vegas. This project resurrects Vietnam's experiment with allowing citizens to gamble, previously tested only at the Corona Resort & Casino on Phu Quoc Island.
The Van Don Integrated Casino & Tourism Complex, set to open its doors to locals with a daily or monthly levy, is poised to significantly impact Vietnam's tourism and gaming landscape. With Sun Group's expertise and a US$2 billion investment, the project is expected to transform Van Don into a world-class destination.
