- Luxury Casino We visited the Pho Quoc Corona casino recently. Lunch and Drinks at Bamboo were of a high standard, but pricy. The casino was lovely inside and out, and there were plenty of staff to look after you.
- Top Phu Quoc Island Casinos: See reviews and photos of casinos in Phu Quoc Island, Vietnam on Tripadvisor.
- Considered as a all-in-one place, Corona Casino & Resort is the new entertainment center of Phu Quoc with many modern facilities such as Casino, a water park, shopping mall, kid’s zone, Akoya spa, etc. Especially, for the first time ever, the high-tech entertainment zone with hundreds of high-class services which are license for Vietnamese tourists will bring the new experience.
The opening of the Casino On Phu Quoc is in the spring 2018 and the recruitment has already started. The corporation of the casino has changed to The Corona Resort and Casino and will now contain 100 roulette tables, Baccarat, Black Jack, Poker tables, Sic Bo and 1000 slot machines.
Phu Quoc
All bets placed on Phu Quoc casino
All bets placed on Phu Quoc casino, illustration photo source AFP
Key points of Vietnam’s casino legislation
Casino operation
- Casino operators must open registers or issue electronic cards to monitor visitors leaving and entering their premises. These registers or electronic cards must be kept for a minimum of two years for inspections by local authorities if required, or five years for operators which are permitted to allow Vietnamese citizens.
- Dossiers for Vietnamese citizens to present their financial abilities to play in casinos according to Article 12 of Decree 03 need to contain one of the following documents:
- Documents proving taxable incomes of Level 3 or higher as prescribed in the Law on Personal Income Tax: A certified copy of the personal income tax declaration already finalised or finalised by the tax office, or a confirmation of tax obligations by tax authorities proving that players have had taxable incomes of Level 3 or higher for one year before playing at the casino.
- Documents proving a regular income upwards of VND10 million ($434.78) per month.
- Players are responsible for the accuracy and truthfulness of the documents when presenting them to the casino for entry.
Management of conventional money
- At least five working days before putting conventional currency into the business, the casino operators must register its form, code, quantity, and type with the local finance departments and the tax office directly managing it.
- The casino operator has the right to suspend the use of conventional currency which was registered at the state management agencies, according to the management requirements.
Casino Phu Quoc Vietnam
Principles of accounting and management of turnover and expenses of casino operators
- Casino operators must separately account revenue, expenses, and profits related to casino operations and must separately monitor these items in the accounting system and financial reporting.
- The determination of turnover and expenses for declaration and tax payment for casino business activities shall comply with the current tax law.
The integrated resort and casino complex, with Vingroup holding a 50 per cent stake, has been selected as the first venue to take part in a three-year pilot programme that will see the longstanding ban on locals gambling in casinos lifted. The complex is set to begin operation in 2021. Actually, the Phu Quoc complex is expected to mark a wider push for major casino developments across Vietnam, which so far has been a slow process.
On January 16, 2017, Prime Minister Nguyen Xuan Phuc signed Decree No.03/2017/ND-CP, which took effect on March 15, 2017, allowing locals’ entry in casinos in a three-year trial. The Phu Quoc complex and another in-development project in the northeastern province of Quang Ninh were tipped as being the only venues that would be allowed to participate in the trial.
There are numerous hopeful gaming resorts in the works throughout Vietnam but the government has so far only granted one of the projects the go-ahead. It is believed that the pilot can eventually lead to others.
Jones Lang LaSalle, an American specialist real estate service, said in a recent report on the future of the Vietnamese gambling industry that major international operators have been expectantly eyeing the local market for some time. According to the firm, the lifting of a ban that prohibits locals from playing in casinos would have a favourable effect on the industry. It is believed that more international investors could be attracted to the Southeast Asian country and will invest further into the wider tourism industry.
Augustine Ha Ton Vinh, an expert in the casino business, told VIR, “The government has allowed Vietnamese people to play in the casino in a pilot project. If they want to attract international investors, it should also consider geographic factors such as the location. If only remote areas are being considered, it is really hard to attract foreign investment, especially world-class casino investors.”
Vinh explained that in other countries, major developers have built and operated well-known casinos in multi-functional complexes. These have not been built primarily for gaming, but are combined with a number of other facilities such as conference halls, hotel rooms, restaurants and other leisure facilities.
“Those complexes operate very successfully and the governments are able to invest profits raised from casinos back into public facilities, therefore benefiting society as a whole. However, many gambling outlets are located in the downtown areas of major cities,” he said.
Stephen A. Crystal, a former Las Vegas casino owner, said an operator’s financial success in the Asia-Pacific region is strongly dependent on the right planning. Thus, a good strategy could encourage investors to move forward with their plans and pursue new gambling related opportunities.
Crystal said the risks and challenges for any investor entering Vietnam are already well established, but the potential benefit of being the first mover in the new market is huge.
“I returned to Vietnam earlier this year and had high hopes for a casino development deal I signed in Phu Quoc,” he said, revealing little information about the specific project.
The conditions for the local trial include a number of fiscal hurdles, including a daily casino entry fee of VND1 million ($43.47) or a monthly pass for VND25 million ($1,086). Gamblers also have to demonstrate a monthly income of at least VND10 million ($434.78).
Casinos will be required to keep a detailed record regarding the comings and goings of local people to ensure accurate data for the local authorities to deduce the results of the trial.
Source: VIR
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Address : Ganh Dau, Phu Quoc District, Kien Giang Province, Vietnam
Phone : +84 297 3771 666
Entry Fee : VNĐ 1 million (US$43) for 24 hours
A Vietnam casino yet to open on Phu Quoc island will be permitted to welcome citizens into the gaming venue once it does in early 2019. Vietnamese and Foreigners visitors have to pay an entry fee of VNĐ 1 million (US$43) for 24 hours to play casino here.
In particular, items of Bai Dai eco-tourism area have been completed and put into use with 3,800 hotel rooms; The Bai Dai complex of tourism, service and entertainment complexes has been completed and put into operation with a 5-star hotel area of 1,892 rooms; Vinpearl Safari Zoo Phu Quoc, Conference Center has been completed and put into use
Phu Quoc Casino is an investment item of an ecotourism project, an integrated entertainment service, casino business, hotel, commercial service, resort villas – island project complex Phu Quoc is invested by Phu Quoc Tourism Investment and Development Joint Stock Company with a total registered investment capital of about 2.24 billion USD.
The Vietnamese government has been deliberating whether to allow its own people entry into casinos for nearly a decade. Desperately seeking new foreign investment and tax revenue, federal officials are apparently moving forward with partially lifting the casino ban.
Card tables and electronic gaming machines are located in the Main Casino area on the first floor and the mezzanine of a 4-star hotel; and the 8th floor Sky Casino area of the 5-star hotel.
Casino Phu Quoc Vn Nam
Corona Resort & Casino Phu Quoc Viet Nam will be the largest casino business complex in the country and this is also the first casino in Vietnam.Vietnamese visitors have to pay an entry fee of VNĐ 1 million (US$43) for 24 hours to play casino here.
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Corona Resort & Casino Phu Quoc Viet Nam now has 100 Roulette tables, Baccarat, Black Jack, Poker, and Sic Bo and 1000 gambling machines. Casino will also have three restaurants, karaoke, private play rooms for VIP guests. and rooftop terrace for VIP guests.
Regulations For Vietnamese And Foreigners Entry Casino
- Entrants must be 21 years old or above
- Provide a document original or certified copy confirms the monthly income, the monthly payroll or the payroll decision of the agency where the player is working confirming in the last 3 months from the date of entering the casino, in which current monthly income of 10 million or more
- Provide copies or originals of the lease or the property of the player, still valid in accordance with the law
- Provide copy or original certificate of bank deposit for 1 year or more and generate monthly interest of 10 million or more
- Other documents prove that players have regular income of 10 million VND / month or more
- Provide Original or certified copy of personal income tax declaration that has been settled by the tax authority or the tax office’s certification of the fulfillment of tax obligations proving that the player has taxable income from level 3 up in accordance with the Personal Income Tax Law within the past 1 year.
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The Games At The Corona Resort and Casino Phu Quoc Viet Nam
The Corona Resort and Casino Phu Quoc now has 100 Roulette tables, Baccarat, Blackjack, Poker, and Sic Bo and 1000 gambling machines. Casino will also have three restaurants, karaoke, private play rooms for VIP guests. and rooftop terrace for VIP guests.
The gambling profession here will make you realize it is not for the faint of heart. There are also many performances, entertainment and nightlife. Phu Quoc is truly a dream for gamblers in high-end environments.
Roulette:
Roulette is a simple, easy to learn and exciting game. It offers a wide variety of bets and a combination of bets with both long and even odds.
The Roulette wheel has 36 numbers from 1 to 36, and a “0”. The numbers are alternately colored red and black with the “0” green. Play begins when the Players have placed most of their bets by placing chips on the numbered layout. The Dealer then spins the white ball in the opposite direction of the spinning wheel.
Chips (also known as “checks”), range in value and can be bought in stacks of 20 from the dealer. You determine what the checks are worth when you buy-in and are given a color. Players can make as many bets as they wish and can use roulette checks, chips or money to place their bets. Please note that table minimums are posted at each roulette table and that the checks have no value at other games. So, make sure you cash in your checks before leaving the table.
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Several sample bets are listed below along with the typical payout odds for many casinos. Each listed wager is described below too. Before playing at a casino, make sure you understand the house’s payout table and wheel configuration (“0” and “00”?) Don’t hesitate to ask the casino employees for assistance.
Poker :
Casino Phu Quoc Vn Dinh
Poker is a game of five card hands dealt from a 52 card deck of standard playing cards. All poker hands consist of exactly five cards.
the players are all dealt one card at a time or in small groups and they bet money each time they get more cards.
The players that don’t want to bet on their hands any longer can “fold” their hands, get out of the contest and forfeit all the bets they have made to that point. At the end, the player with the best poker hand wins all the bets. In draw poker the players bet, then replace the cards they don’t like with new ones from the dealer and then bet again.
Blackjack:
Blackjack is played with one or more standard 52 card decks, with each denomination assigned a point value. The cards 2 through 10 are worth their face value. Kings, queens, and jacks are each worth 10, and aces may be used as either 1 or 11. The object for the player is to draw cards totaling closer to 21, without going over, than the dealer’s cards.
The best total of all is a two-card 21, or a blackjack. Blackjack pays 3-2–that is, a two-card 21 on a $5 bet will win $7.50 instead of the usual $5 even-money pay off on other winning hands. However, if the dealer also has a two-card 21, the hand pushes, or ties, and you just get your original bet back. But if the dealer goes on to draw 21 in three or more cards, your blackjack is still a winner with its 3-2 payoff.
Most games use four, six, or eight decks. After being shuffled, the cards are placed in a receptacle called a shoe, from which the dealer can slide out one card at a time.
After all bets have been placed, each player and the dealer are given two cards. In a shoe game, all player cards are dealt face up, and the players are not permitted to touch their cards. In a single- or double-deck game dealt from the hand, cards are dealt face down and players may pick them up with one hand.
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Baccarat :
Baccarat is a card game that is dealt from a shoe that holds 6 or 8 decks of cards. Two hands are dealt by the house dealer, the “banker” hand and the “player” hand. Before the hands are dealt, bets may be placed on the banker hand, on the player hand, or on a tie.
Winning bets on banker or player are paid 1:1, but a commission of 5% is charged on bank bets making the net odds on such bets 0.95 to 1. Some casinos may charge a lower commission
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The value of a hand is determined by adding the values of its individual cards. Tens and face cards are counted as zero, while all other cards are counted by the number of “pips” on the card face. Only the last digit of the total is used, so all baccarat hands have values in the range 0 to 9 inclusive. The hand with the higher value wins; if the hands have the same value, the result is a tie.
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