Casino expansion is on hold in Vietnam, as the country's Ministry of Finance rejected a proposal for development of a casino resort on the Cam Ranh peninsula, in Khanh Hoa province.
The rejected proposal was expected to include a five-star hotel and a casino, villas, resorts, and a marina.
Vietnamnet reported that, according to an official document, the ministry states that consideration for any new casino projects should wait until a change of legislation occurs that may potentially loosen the country's gaming laws.
According to GGRAsia, the Ministry of Finance drafted a decree last year which could reduce the red tape for casino operators to be granted a license, while also allowing at least some Vietnamese residents to gamble within the country's borders.