Vietnam prepares to open up casino gambling to locals

vietnam gambling market

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With more than half of Vietnam’s population under the age of 25, the youth segment is an important driver of growth for the gaming market. Sub-sectors in the gaming industry. Mobile games: Mobile is currently the dominant form of online gaming in Vietnam, contributing to more than half of the industry’s revenues. Vietnam gambling has long been restricted to foreigners, but a decree is set to legalize the market to citizens, and that's garnering interest from casinos. The types of gambling available in Vietnam are: casinos, greyhound tracks. The largest gambling city in Vietnam is Ho Chi Minh City with 11 gambling facilities, 13 tables games, 290 gaming, slot, and video poker machines. The largest casino in the entire country of Vietnam is Corona Resort and Casino which is located in Phú Quốc. Vietnam prepares to open up casino gambling to locals. However, the casino market in Vietnam is estimated to be worth $1.2 billion, according to Union Gaming Securities Asia. Vietnam’s gaming market is “likely larger than most expectations”, with nearly 30 gaming facilities currently operating in that country, says Union Gaming Securities Asia Ltd. These venues range from small slot parlours in 5-star hotels to the Grand Ho Tram casino resort on the southern coast of Vietnam, the brokerage added. Like many other countries where the government does not approve all areas of the gambling industry, the state lottery is legal in Vietnam. In the country, there are specific gambling zones that offer services mainly only to foreign guests. The Login Casino team has researched the Vietnamese market, and prepared interesting information material. Vietnam - Casino and Gambling - Market Report 1. Vietnam - Casino and Gambling - Market Report Vietnam’s gambling industry is teetering on the brink of expansion with four Integrated Resorts in the pipeline, a pilot project to permit locals into casinos and a new betting law on the cards. Vietnam interests global casino companies because it has a long-term economic growth trajectory and 90 million people supporting a thriving gambling market that’s now mainly seen at border Table 57: Vietnam Gambling Market, 2014-2022, $ Billion; Table 58: Western Europe Per Capita Net Disposable Income, 2013-2017, $ Table 59: Western Europe Number Of Tourist Arrivals Inbound, 2013-2017, Thousands; Table 60: Western Europe Gambling Market, Types Of Legal Gambling Activities By Country The Casino Market experts studied the theme of gambling business in Vietnam and prepared a detailed overview of this area, as well as recommendations on starting a casino business in Vietnam for novice businessmen. Online Gambling Laws in Vietnam

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vietnam gambling market

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