Government Ups The Ante As Bidding Starts For Gambling Island

Vietnam's ability to tap the burgeoning appetite for gaming resorts that is sweeping the region has received a significant boost following the government's approval of a large-scale casino resort on Phu Quoc Island. Foreign investors have been invited to bid for the planned US$4bn tourism complex, with the government planning to transform the island into a trade and tourism hub. BMI notes that with rising disposable income levels across the Asia-Pacific region making tourism an increasingly lucrative business, government's are eager to cash-in; and as gaming resorts grow in popularity, their presence is fast becoming a pre-requisite for would-be tourism develpments.

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