Casino business is a conditional business subject to the strict control by competent authorities to ensure that such business is compliant with regulations of law. AMI will introduce to customers the conditions of casino business.
According to Decree 03/2017/ND-CP, casino business shall be combined with the main business of the enterprise to enhance the development in tourism and commerce, vary the forms of entertaining, improve the spiritual life and attract tourists; ensure the security, national defense, social order and safety, social ethics and community health. Accordingly, enterprises that want to do casino business must meet the conditions for being granted a Certificates of registration of investment in a casino-included entertainment complex project and a Certificate of eligibility for casino business
Conditions for issuance of Certificates of registration of investment in a casino-included entertainment complex project:
According to article 23 Decree 03/2017/ND-CP, enterprise shall be granted Certificates of registration of investment in a casino-included entertainment complex project only when the following conditions are satisfied:
- Has been approved by the competent authority on the policy of allowing implementing casino project;
- Casino business shall be granted Certificates of registration of investment in a casino-included entertainment complex project with minimum investment items such as hotels, service areas, tourism, trade, entertainment and conference centers;
- The investment capital in the project is at least 02 billion USD;
- There are plans and measures which are feasible and suitable for Vietnam’s conditions for controlling and eliminating negative effects of the casino business.
Conditions for issuance of Certificate of eligibility for casino business
- The enterprise has the Certificate of investment registration or decision on investment policy issued by a competent authority which covers casino business;
- At least 50% of the total investment in the project which has been registered in the Certificate of investment registration or the decision on investment policy has been disbursed;
- The location of the casino fully satisfies the requirements as below:
– Having separate entrance and exit doors;
– Having electronic equipment and cameras for constant surveillance and control of all the activities in the casino (24/7), where the following essential positions shall be under surveillance: entrance and exit doors, locations of gaming machines, gaming tables, cashier area, areas for counting and storing cashes and tokens. Records from electronic equipment and camera system at essential positions shall be retained for at least 06 months from the time of recording. In case of necessity, the retention duration may be extended at the request of the competent authority;
– Having security staffs, sufficiently equipments and routes for security and fire safety according to relevant law provisions;
– Post the rules for entering or leaving the casino in Vietnamese, English and other languages (if any) at a noticeable place at the entryway of the casino
- The persons in charge of managing or controlling the casino must obtain at least a bachelor’s degree and having at least 1 year of experience in the management of casino business.
- Having a business plan includes information of the enterprise, information of the implementation of the investment project, expected time limit for running casino business, expected number of gaming machines and/or gaming tables, categories of prize-winning games to be provided, assessment of business efficiency, expected needs for foreign currency receipt and spending, measures to assure social security, order and safety of the casino and plan for implementing the project.
Above are some conditions for casino business, customers can refer to Decree 03/2017/ND-CP on casino business for more details
