Casino Gambling Should Be Available in Viet Nam

Topics: Casino, Gambling, Unemployment Pages: 5 (2055 words) Published: October 22, 2012
Casino Gambling Should Be Available in Viet Nam
The development of casinos in Viet Nam can be feasible with the current socio-economic situation in Viet Nam. In recent days, Las Vegas Sands has a new project for the development of hi-end resort complexes in Viet Nam, one in Ho Chi Minh City and the other in Ha Noi, which would cost up to 6 billion dollars. Even though people believe the project would bring the possible social risks, Viet Nam could benefit from it in the following ways: first, it could boost tourism revenue to compete with other regional countries; second, the state budget will be remarkably increased from gambling revenue and taxes; third, it can create many jobs nationwide, in Ha Noi and Ho Chi Minh City in particular The complexes would consist of spa centers, exhibition centers, hotels, conference centers, restaurants, shopping malls, sports centers, theaters, museums, cinemas, and other amusement services including casinos. These hi-end resort complexes in Vietnam would be the biggest investment project from Las Vegas Sands, one of the prominent gambling U.S. groups so far, if it is licensed. The large investment plan meets with a lot of difficulties and debates from officials, scientists, and people who are worrying about the possible social impacts of the casinos on young generation. Meanwhile, George Tanasijevich, the Global Development Managing Director of Las Vegas Sands, said in an interview with VietNamNet Bridge that: “Las Vegas Sands well understands a bunch of heading obstacles which it will have to face up to in case of investing in the project.” Also according to Mr. George, “Las Vegas Sands really wants to invest in Vietnam. We are still waiting. We are ready to answer all the questions to be raised by the government of Vietnam upon the plan, the way of doing business and about the complex tourism industry,” (qtd. in VietNamNet Bridge). The first foreseeable certain socio-economic benefit that the project would bring is to attract plenty of foreign tourists from across the globe; this is a big chance to launch a more positive Viet Nam tourism image throughout the world. A lot of countries, like Singapore, Hong Kong, Cambodia, and Malaysia in Asia, have been successfully trying to create new attractive features to attract foreign travelers. Viet Nam already has diverse luxury hotels ranging from one star to five stars from the North to the South. Moreover, Viet Nam offers international standard services that make foreign tourists feel comfortable and pleased with their spending. For example, the current luxury hotel systems in Ha Noi and Ho Chi Minh City can offer free breakfast, snacks, friendly services, and wireless internet connection for those who have been using hotel services to appeal to more and more foreign tourists throughout the world to visit Viet Nam; this would help them feel more at home. Gambling and tourism in combination definitely would become one of the biggest services, which could draw a remarkable number of tourists from around the world if the project is available. Besides, there is also a variety of tourist spots and spectacular landscapes stretching across the country to make tourists have an interest in visiting and discovering something new. Obviously, the more visitors who come to enjoy the gambling here, the more revenue the localities where the casinos are located will generate. Specifically, in recent years, many casinos in the U.S. and Australia have been expanded for the explicit purpose of encouraging tourism development. One of these is to bring in a greater number of outsiders and additional wealth into the local economy where the casinos are located. For instance, the major casinos of the Gold Coast of Australia have been successful in attracting premium players from South East Asia. The ability to use a casino as a major stimulus for tourism development is dependent on a range of characteristics and considerations including location, type of...
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