Vietnam is one of the countries that has benefited greatly from the collapse of the Macau casino industry, with high-yield gamblers in mainland China preferring to travel to Vietnam casinos with relaxed gambling laws, and the Vietnamese government encourages foreign investors to set up new casinos in the country because the generated gambling tax would be very beneficial to the country.
Banyantree Group previously proposed the construction of an integrated entertainment project to be located north of the central Vietnamese coastal city of Da Nang, which will be built on more than 280 hectares of major coastal properties, making it a huge tourist destination for boosting tourism in Vietnam.
The Vietnamese government gave developers a deadline of August 6 to submit a conceptual request (RFC) explaining the purpose and development plan of the allocated land, but as it took more time to write specific RFCs, the Vietnamese government asked the Banyan Tree Group to extend the deadline for submitting RFCs, judging that the mega-project was a very important investment in the country, and extended it until September 15, 2015.
Banyantree Group previously held Global Market Advisors LLC to conduct a detailed gaming market valuation to see how profitable the Vietnamese market is. Global Market Advisors are experts in providing data analytics for the casino and aviation industries. Andrew Klebanow, partner at Global Market Advisors, said in a statement, "Vietnam is experiencing an exciting time in the gaming industry, and the potential relaxation of gaming laws is expected to attract more foreign investment. We believe this [RFC deadline] extension is needed to free up time for parties to fine-tune their concepts and encourage more investors to join this RFC process." 동행복권파워볼
The extended deadline will give investors and companies additional time to spend their concepts to develop this global integrated entertainment project. This integrated entertainment project will include a golf course designed by Nick Faldo, a 229-room Ansana Resort, 57 Villa Banyantree Resort, 10 top restaurants and bars, two high-end spas, and many luxury facilities including a state-of-the-art conference center.