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First casino for Vietnamese gamblers opened By Huynh Kim A view outside Corona Casino & Resort on Phu Quoc Island- PHOTO: BAO CHI CAN THO - Corona casino, which is part of Corona Resort & Casino on Phu Quoc Island off Kien Giang Province and the first to allow the Vietnamese to gamble, was officially opened on January 19. To gain entry into the casino, gamblers must buy a ticket at VND1 million for 24 hours. The revenue from the fee collection will go into the budget of Kien Giang Province. Casino visitors must meet a number of conditions. Specifically, they must be 21 years old or above and have regular income of at least VND10 million a month. The first phase of the Corona Resort & Casino complex project was invested VND25 trillion (US$1.1 billion). Daily casino operations will be overseen by Upffinity Gaming Management, a casino management firm of the Netherlands. The complex provides lodging and entertainment services, with 2,000 five-star hotel … [Read more...] about First casino for Vietnamese gamblers opened

Investigators break up two online gambling rings worth VND4 trillion The Saigon Times Daily An individual is questioned by an investigator for his involvement in a transnational online gambling ring – PHOTO: POLICE HCMC – A transnational online gambling ring worth more than VND1 trillion (US$43 million), led by locals who used to work in casinos in Cambodia, has been broken up. The Department of Cyber Security and Hi-tech Crime Prevention, with the Ministry of Public Security (MPS), on Tuesday announced the arrest of nine individuals suspected of involvement in an unauthorized online betting, casino and lottery operation linked to the Winxx8.com brand, which is reportedly based in the Shanghai Resort Casino in Cambodia. On September 18, the department teamed up with the Criminal Police Department and the Mobile Police Department to set up a taskforce of 16 teams that raided various sites in the northern province of Bac Ninh, the south-central coastal province of … [Read more...] about Investigators break up two online gambling rings worth VND4 trillion

Auchan to withdraw from Vietnam The Saigon Times Daily An Auchan supermarket on Pham Van Chieu Street in Go Vap District. Auchan has decided to withdraw from the Vietnamese market - PHOTO: VNA HCMC – French supermarket chain Auchan Retail plans to withdraw from Vietnam after nearly five years of operation in the local market, the local media reported. From June 2, Auchan Retail will begin shutting down most of its supermarkets in the country. Auchan has terminated its employment contracts with most of its workers in Vietnam, who received the news several days ago. On May 15, Auchan Retail CEO Edgar Bonte told France’s news agency Les Echos that the chain generated only 45 million euros, or US$50.4 million, in the Vietnamese market last year and is still suffering losses. As a result, the group decided to sell all of its 18 supermarkets in Vietnam. Entering the Vietnamese market in 2015, Auchan opened 13 supermarkets in HCMC, four in Hanoi and one in Tay Ninh … [Read more...] about Auchan to withdraw from Vietnam

UCS announces expansion scheme in Vietnam By Hung Le Ajay Kondal (C), global sales director of UCS, and James Duong Nguyen (R), general director of Dcorp R-Keeper Vietnam, talk about the expansion scheme in the country – PHOTO: HUNG LE HCMC – UCS, the parent firm of Dcorp R-Keeper Vietnam, has announced a plan to develop a research and development (R&D) center and expand its business scale in the country, having operated in the food and beverage (F&B) management technology sector for over 10 years. Speaking at a press briefing today, May 22, a leader of Dcorp R-Keeper Vietnam said that the firm will expand business with scale and manpower surging three times compared to currently. Notably, the firm will begin providing technology solutions for the hospitality and retail sectors, payment technologies and IT system management services. Ajay Kondal, global sales director of UCS, did not reveal the specific capital it will invest in the expansion in Vietnam but … [Read more...] about UCS announces expansion scheme in Vietnam