The government has set a minimum capital investment of $4 billion for large casino resorts. Macau's Suncity confirmed its involvement in the project while VinaCapital confirmed the participation of Chow Tai Fook Enterprises, which replied in an email that it had no comment and was conducting preliminary studies. The resort, to be located in the central province of Quang Nam, is headed by Vietnam-based VinaCapital and will forge ahead despite a ban on gambling by Vietnamese citizens that has deterred other big international operators.Ĭasino operators in Macau, the world's biggest gambling hub, have been shifting to other Asian locales in search of more lucrative growth prospects as revenues in the southern Chinese territory have plummeted. HONG KONG, March 26 (Reuters) - One of Macau's top casino junket operators, a Vietnamese investment group and Hong Kong property-to-jewellery conglomerate Chow Tai Fook Enterprises will team up to develop a $4 billion casino resort in Vietnam, companies involved in the project said.
