Tin Pháp lý
FLC building first casino in Vietnam

21 March 2017
Vietnam Economic Times

Casino located in northern Quang Ninh province.

The FLC Group and the FLC-Faros Group are building Vietnam’s first casino, in northern Quang Ninh province.

The casino is a part of a high-end tourism services and entertainment complex located in Van Don district, with total investment capital estimated at $2 billion.

The complex will cover an area of 4,000 ha with two sites: 2,500 ha on Van Canh Island and 1,500 ha on Ngoc Vung Island.

It will feature the casino, a resort area, five-star hotels, an international convention center, a safari park, museums, a community agriculture village, and a library.

Mr. Nguyen Duc Long, Chairman of the Quang Ninh People’s Committee, said the province wants to turn Ngoc Vung Island into a tourist attraction that contributes to the development of its smoke-free industry. “We look forward to the FLC Group’s investment on Ngoc Vung Island,” he said.

Van Don’s population is estimated to reach 150,000 by 2020. The total number of visitors has increased to 1.7 million, of which international visitors were 900,000.

The FLC Group also has invested in the FLC Ha Long project, in Hong Ha ward in Ha Long city on an area of 224 ha, with total investment capital of VND3.4 trillion ($154.5 million).

It includes a full range of resort and recreational facilities, such as an 18-hole golf course, nearly 1,000 hotel rooms and five-star standard villas, and a 1,500-seat international convention center.

The first phase of the project will be launched on April 30 and the grand opening of the entire project will be held later in the year.

Mr. Pham Tat Thang, Deputy General Director of the FLC Group, said that it invested in FCL Ha Long because the city has a large number of potential customers. “Ha Long Bay is well-known internationally and is convenient to reach for travelers from Northeast Asia such as China, South Korea, Japan and Taiwan,” he said.

According to the infrastructure development strategy for Vietnam’s tourism industry, FLC Group has invested more than VND70 trillion ($3.18 billion) into a number of projects in nine cities and provinces, including Thanh Hoa, Quang Ninh, Binh Dinh, Quang Binh, Khanh Hoa, and Hai Phong, with typical projects being FLC Sam Son, FLC Quy Nhon, FLC Vinh Thinh, FLC Quang Ninh, FLC Quang Binh, and FLC Hai Phong.

By the end of this year, FLC is expected to launch more than 2,500 condotel apartments, 1,400 sea villas, 3,500 hotel rooms, and four 18-hole golf courses.

According to figures from real estate consultants Savills Vietnam, FLC’s projects are currently valued at $3.8 billion.

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