Agbriefings September 2019 By Asia Gaming Transient

Crossing a busy road in Vietnam can be harmful and nerve-wrecking. There is constant site visitors on the roads, with automobiles and motor bikes, passing through ignoring pedestrians’ proper of way. When we arrived from the airport, the motive force dropped us on the street in entrance of the hotel. No one had the courtesy to cease or slow down to permit four of us, carrying suitcases and different belongings, to cross the street.

It was an expertise to go to Dong Xuan Market in the Old Quarter which was filled with sidewalk stalls serving bun dau – hunks of tofu in scorching noodle soup or banh xeo – crispy fried shrimp pancakes. Suggest you finish your tour at Café Giang, opened since 1946, and try its signature egg coffee which was devised in the course of the struggle when eggs changed heavily rationed milk. Thailand has strict rules about what sort of work foreigners are allowed to do within the kingdom to ensure that Thais are not short of work.

Prior to 2006 solely three star plus hotels with a separate space for gaming halls may apply for a gambling licence. At this time solely two firms were given licences to operate horse and canine races and 33 enterprises, mainly huge motels, might be concerned in card and machine video games. 9.Success Dragon International is a consolidated service provider of outsourced management options to the gaming industry and has headquarters in Hong Kong and workplaces in Macau and Vietnam. The firm is now keenly looking at creating its enterprise in Vietnam and bringing digital gaming services here and initially was taking a glance at two projects in One Opera Hotel in Da Nang and a second in Le Meridian Hotel in Ho Chi Minh City. Success Dragon also provides IT companies to the pari-mutuel wagering sector and developed a racing system for greyhound and horse racing firms and has entered into an agreement with three racing enterprises to provide this system.



Also Hong Kong‟s Matrix Holding Limited proposed a improvement for horse racing complicated in the city of Da Nang which would include horse racing, health care unit and betting and leisure companies. Vietnam - Casino and Gambling - Market Report Vietnam’s gambling business is teetering on the brink of expansion with four Integrated Resorts in the pipeline, a pilot project to allow locals into casinos and a model new betting law on the cards. It is claimed Vietnam might be the subsequent Macau…we check out what’s occurring.

Vietnam was at one time part of Imperial China for over a millennium until an impartial Vietnam was fashioned in 939AD. Vietnamese royal dynasties flourished because the nation expanded geographically and politically into South East Asia until the Indochina peninsula was colonised by France within the mid 19th century. The French imposed significant political and cultural changes on the society including a western fashion system of contemporary education and Roman Catholicism. The French went on to develop a plantation financial system for the export of tobacco, indigo tea and low while ignoring the calls for a self government and civil rights. The French maintained their full control until World War II when the Japanese invaded. Vietnam was then divided politically into two rival states – north and south Vietnam and conflict between the two intensified ensuing within the Vietnam War.

These embody the Ho Chi Minh Mausoleum to honour one of the important Vietnamese leaders; the Imperial Citadel of Thang Long, a UNESCO World Heritage Site and Hoan Kiem Lake , a popular hangout for locals and foreigners. The government and private sectors must improve gender equity to boost sustainable progress in the Asia-Pacific region, speakers at the APEC CEO Summit in Bangkok stated on Friday. APEC ministers on Friday issued a 48-point joint statement, setting three priorities to promote trade and investment among member economies.

This sector saw VND10,990bn in complete revenues between 2011 and 2015 and profit before tax was VND2,080bn with VND3,723bn to the state price range. Slot halls are principally in urban areas whilst the casinos are in the resort areas. For the Vietnamese who want to gamble they cross the border into Cambodia.

The firm is hinging its plans on adjustments to the legislation to permit locals into slot halls and casinos to gamble plus the precise fact there is not any significant casino in the city at present. Success Dragon saw a decline of their group revenues final 12 months and a drop of HK$26.3m by 12 months finish March 2016 primarily all the means down to a drop in efficiency of OBPM services business in Macau. Hence why the corporate is now diversifying and taking a glance at different areas.

Success Dragon presently helps casino operators to manage their gaming machine operations and have plans for a series of slot corridor initiatives in Vietnam involving administration contracts to operate slots and electronic desk video games. The Da Nang project was to acquire a forty five per cent stake within the five star One Opera Hotel which included a deal for the electronic gaming machine club within the premises. The deal was for a 70 machine slot corridor in the hotel which has 206 rooms and two eating places, karaoke membership and conference room.

Instead, the site visitors whisked previous us, majority of them honking to get out of the way in which. Pedestrians could discover themselves perplexed when attempting to get from one aspect of the street to the opposite. With so many motorbikes zipping round, one has to learn the art of the method to permit them to dodge round you. If you stand round ready for them to cease, you’ll be waiting a lengthy time. An island close to Ha Lang Bay is Quan Lan, which holds an annual pageant to mark a historic victory against Mongol invaders within the 13th century. During the two-week celebrations held in June, villagers are forbidden to leave the island, but friends are warmly welcomed.

The two-day convention is held in Phnom Penh, and includes a one-day elective tour in Sihanoukville, a must-attend occasion for anyone with curiosity in the Mekong gaming trade. Our tour boat was escorted by the police all through throughout our La Hong journey till we returned to shore while a VIP group of two folks travelling was escorted by 5 uniform policemen. During a current 2019 tourism convention attended by over 300 delegates, uniform policemen had been to be seen at every entrance of the convention hall, giving a poor impression to guests.

The aircraft options three cabins – signature class, premium financial system, and financial system class. A Boeing Dreamliner will service the route, flying between Bangkok and Vancouver 4 days per week. It will be the first direct service linking North America and Thailand in 10 years. The firm expects to see more hybrid commerce exhibits sooner or later, including use of robots at reveals.

The White House said the help was a part of its Net Zero World Initiative, a project launched eventually year’s Glasgow local weather summit in which the us partners with the personal sector and philanthropists to advertise clean power. The United States will assist Thailand develop nuclear energy through a model new class of small reactors, part of a program aimed toward combating climate change, U.S. He stated attending leaders from international countries were impressed by the style and beauty of the Thai dishes served. They also expressed interest within the cultural reveals performed through the dinner, he added. Digital Economy and Society Minister Chaiwut Thanakamanusorn on Friday praised the scrumptious Thai dishes and cultural performances organized for the APEC leaders’ gala dinner on Thursday in an appealing display of Thailand’s gentle energy. The buzz of anticipation at every ping-pong lotto draw is palpable however the pleasure is invariably short-lived.

Jockeys are often children and may begin coaching to be jockeys from the age of 14. One such observe is the Dai Nam Joint Stock Company which has sealed its plan for the opening of a model new horse racing track at the Dai Nam Tourism Park in the Binh Duong province. The tourism park is a large resort with amusement park, water park, theme park, temple and zoo. The race course was because of open on the finish of 2016 after building started in July 2016 with a $100m funding. It will occupy a 60 hectare space on the tourism park and accommodate 20,000 people initially increased to 60,000 total capacity. It will also host dog tracing, motorcycle racing, water motor sports activities and all terrain car racing.

The slot halls are solely permitted in 5 star resorts once they've been worthwhile for no much less than one 12 months and might provide one slot per five lodge rooms. They are primarily found in the Ho Chi Minh City space with 12 halls and Hanoi has six halls. There are a complete of around 22 slot halls in Vietnam all run in five star resorts by a 2013 government decree. New rules introduced at the end of last year also state a minimum 90 per cent payout for slot machines. 2.It still depends on its moist rice cultivation and agriculture though Vietnam‟s economic system has nonetheless been plagued with inefficiency and corruption. Today manufacturing and data know-how now type a large a part of the economy and it is also ranked as the eighth largest crude petroleum producer in the Asia and Pacific area.



The project may even embrace golf course, sport and entertainment area, housing and equestrian centre and polo membership. The company additionally goals to open 70 betting shops in fifty four cities and provinces and is claimed to be the largest such project. In addition in June 2016 in Phu Yen province the Australian Golden Turf Club firm agreed to take a position $100m to build a racecourse on 134 hectares of land because of be accomplished by 2019.



There had been five brokers arrange in Ho Chi Minh City who can then set up subsidiaries with gross sales outlets. In phrases of revenues the lottery market has seen a steady progress over the last 4 years and gross sales have been up by 7.eight per cent in 2015. Back in 2011 the revenues were VND47,900bn (US$2.1bn) rising to VND63,000bn in 2014 ($2.8bn) – a development rate of 32 per cent. The majority of gross sales participate in southern Vietnam in comparison with central Vietnam with VND4,500bn and northern Vietnam with gross sales of VND3,200bn. In 2014 the lottery contributed more than VND20,000bn to the state price range.

Director-general Chomparee Chompurat mentioned on Friday that a low-pressure system near Borneo would move over Cape Ca Mau on the southern tip of Vietnam on Sunday and Monday and enter the Gulf of Thailand from Tuesday to Thursday. I simply stepped out of my hotel in the old district and I was proper in the shoppers’ paradise district with vendors and hawkers, clamouring for my dang. This part of Hanoi is filled with vendors promoting fruits to greens to shops with shoes and baggage. Canada’s flag provider will fly between Vancouver International Airport and Suvarnabhumi International Airport on Mondays, Wednesdays, Fridays, and Sundays. The flight route is seasonal and will run between Dec. 4, 2022, and April 14, 2023.

The group recorded revenues of HK$153.7m Meanwhile one of many major slot halls in Da Nang is Club99 which is situated in Furama Resort Da Nang which is certainly one of the first five star seashore resorts within the metropolis. It presents around one hundred state-of-the-art machines and is lush and targets Korean clients and Vietnamese with foreign passports. Czech‟s Synot has also lately opened its second slot corridor in Vietnam within the province of Nha Trang. This corridor is supplied with VLTs and roulettes and follows on from Synot‟s first operation opened at the end of 2015 in Nghe An.

One of the landmarks worth visiting in Hanoi’s French Quarter is the Hotel Metropole, now the Sofitel Legend Metropole, built in 1901. It was a hangout for celebrities and diplomats and it has the distinction of being the longest operating lodge within the metropolis. Workers constructing a model new bar just lately unearthed a Sixties bomb shelter within the resort. Metropole, the one resort within the metropolis with a bomb shelter and an anti-aircraft gun on the roof, presents guided excursions of the warfare relics. Everywhere you go, you would see that Hanoi’s residents don’t accept a big lunch, as a substitute preferring to graze on snacks all through the day. While strolling alone, I found a number of the city’s finest culinary spots.

Over the earlier few years, Indochina has transitioned from being another market to an trade hotbed for the on line casino gaming business. It’s unfortunate that the biggest problem of the country is that majority of Vietnamese don’t communicate even fundamental English, together with waiters who work at model name resorts catering for foreigners. Taxi drivers are the worst offenders as they cannot even read addresses in English given by their prospects. Vietnamese don’t communicate even primary English, including waiters who work at brand name motels catering for foreigners. AGB brings you intensive protection across all types of gaming, throughout 22 Asia jurisdictions. The September Edition might be released alongside the inaugural Mekong Gaming Summit, held from September 2019 in Phnom Penh.

The company received permission from the Binh Phuoc province to construct a racecourse in the southern region as a half of the Binh Phuoc Recreation Complex Project. However due to delays in development it appears this licence has since been revoked. It was initially granted in 2010 to the Australian owned Binh Phuoc Entertainment Company Ltd to incorporate race track, villas, shopping mall, resort and sports venues. But six years later construction hasn‟t began The Lam Dong province also approved a racecourse project from the Thien Ma Madagui Racing Joint Stock Company in 2014. After a lull building has just begun right here and is predicted to be operational by 2018.

This war resulted in 1975 with a north Vietnamese victory and the nation was then unified under a communist authorities. After the war the southern Vietnamese had been despatched to „re-education camps‟ and endured torture and starvation. Today Vietnam, together with China, Cuba and Laos, is likely considered one of the world‟s 4 remaining one- party socialist states formally adopting communism. In 1986 the government initiated a sequence of economic and political reforms and by the 12 months 2000 it had established diplomatic relations with all nations and its economic development price has been among the many highest on the earth. four.Madly the first draw noticed no winners and 39 draws later in October final year a farmer in Tra Vinh province held the profitable ticket with an accumulated prize of VND92bn (around $4.11m). Max4D – Launched lately this game is performed by choosing a 4 digit quantity on a betting slip from 0000 to 9999 or have a number randomly picked.

Total tourism arrivals reached 7.9 million final 12 months with an annual growth rate of around 7.8 per cent whilst tourism receipts have been VND337.8trillion (US$15.1bn). The Chinese remain the most important share of visitors representing 22 per cent adopted by Koreans after which Japanese. GAMBLING MARKET Gambling in Vietnam was utterly outlawed by the communist regime, and though from the Nineties the restrictions have been loosened, they still remain extremely strict at present. There are hefty fines imposed on gambling operators who open up illegally although that hasn‟t stopped a considerably grey space of operation and a growing number of Vietnamese who wish to gamble in underground services.

7.There were around a hundred and fifty horses often small farm raised horses and ponies rather than thoroughbreds. When Thien Ma Company came alongside a half of their plan was to introduce thoroughbreds and 40 horses were initially imported from Australia. One thoroughbred race was held every week and races elevated to round 900 a yr and betting turnover was round US$11m on the time. Officially betting is illegal in order that they play a horse racing lottery for first and second place winners.

Vietnam is the jap most nation on the Indochina peninsula in South East Asia. With round 95 million inhabitants it is the 14th most populous country and the eighth most populous in Asia. Vietnam is situated in South East Asia bordering Cambodia, China and Laos with water borders with the Gulf of Thailand, Gulf of Tonkin and the South China. With its S form and three distinct areas, that are all different in terms of culture and financial system, the nation is various. Hanoi has been the capital since reunification of the north and south in 1975.

A second Success Dragon project in Ho Chi Minh City is for 118 machines in the Le Meridien Hotel which is a 5 star lodge with 343 rooms and 26 suites which opened in 2015. It additionally has eating places, pool, health area and conference hall. The deal is with Tien Phuoc and 990 Company Ltd, the house owners, to arrange and operate a slot hall for at least 10 years. The group will receive a monthly management fee of four per cent of complete gross revenues for its companies.

8.So at the moment the one race track open is via the greyhound racing track at Lam Son Stadium in Vung Tau City with races held twice a week. The track was opened in 2000 and a 25 year licence was given to Sports Entertainment Services. The stadium has a total capacity for up to 6,000 people and SES had deliberate to open a community of seven different tracks in Vietnam though there still remains simply the one observe. In mid 2016 Hong Kong‟s Success Dragon International Holdings Ltd entered into an settlement for the supply of outsourced management services with SES for greyhound racing in Vietnam. The administration deal is for seven years and offers Dragon a month-to-month management fee with the goal of „identifying areas of potential expansion‟ in the gaming sector in Vietnam. The track has on common round 3,000 attendees most race evenings and the average wager is round $3.

They hope to attract up to five million visitors a 12 months to the park once the track is opened an increased from the 2 million visitors acquired in the intervening time. The 1,600m observe will supply races 3 times daily and six instances every day at weekends. Meanwhile South Korean company G.O Max I&D Company is also pursing a project to construct a horse racetrack in northern Vinh Phuc province with an anticipated investment of US$1.5bn.

The solely authorized forms of gambling permitted in the intervening time are the horse race betting on the state owned tracks, greyhound race betting on the Vung Tau and the Vietnam Lottery. Casinos are permitted on the basis that they don't allow locals to enter. These are mostly operated by foreign corporations around the Ho Chi Minh City space. Locals merely cross the border to Cambodia and gamble principally within the town of Bavet, which is just an hour drive from Ho Chi Minh City. Vietnam‟s complete gaming market is said to price around $300m-$400m of which half apparently comes from the slot golf equipment sector. Culturally south Vietnam has the highest presence for authorized gambling perhaps due to its background, as playing was widely accepted on this part till the nation was unified in 1975.

The traditional lottery dominates the market with ninety five per cent of sales while Lotto is responsible for 3.four per cent, Computerised lottery with 0.35 per cent and prompt lottery has a 0.7 per cent share. The other conventional lotteries are operated in the country through the country‟s 64 provincial governments and are bought via ticket vendors on most road corners. They have proven a decline in sales following the launch of Vietlott. They have needed to enhance their prizes by a third to compete and prime prizes from 2017 are actually VND2bn (US$86,000) in comparison with VND1.5bn (around $65,000) beforehand. The Socialist Republic of Vietnam was proclaimed in 1976 with tons of of thousands of fleeing abroad, together with many “boat folks,” many of whom additionally got here to Canada. Vietnam, with an estimated ninety four.6 million inhabitants in 2016 and thought of to be the ninth most populous Asian nation, is more and more becoming an attractive destination of financial development and tourism.

Some of the rocks have gradually eroded forming a community of caves and arches which have offered a preferred tourist exploration site. Ha Long Bay, declared a UNESCO World Heritage website, has 1,969 limestone islands jutting out of the ocean. A widespread sight you'll come throughout whereas traveling along Vietnam is that of local women donning theNon La, walking gracefully alongside the sidewalk. The Non La, a conventional image of Vietnam, which like many different conventional costumes of the nation, has an original story that comes from a legend. The legend has it that once upon a time during a torrential downpour that lasted for weeks, a goddess sporting an enormous hat made from leaves stitched collectively by bamboo sticks descended from the sky. Her hat was so massive that it sheltered the folks against the rain, later permitting the residents to return to their normal lives.