In southern Vietnam and local real estate developer KN Cam Ranh Company Limited has reportedly announced that its envisioned KN Paradise Cam Ranh seaside resort has received formal government approval to feature a ‘large-scale casino complex.’
According to a report from GGRAsia, the firm declared that it now intends to begin the search for an international partner to operate a casino within the coming development, which is to sit on just over 1,976 acres of land adjacent to Cam Ranh International Airport.
The developer reportedly also stated that the government of Vietnam has given it permission to bring a casino with an aggregate footprint of 40 acres to its KN Paradise Cam Ranh project and allow this future venue to feature some 2,000 slots alongside up to 200 gaming tables.
GGRAsia reported that the forthcoming development for the nation’s Khanh Hoa Province is moreover due to come complete with a large selection of residential and hospitality properties as well as multiple entertainment facilities, an amusement park, a retail element and convention spaces. It detailed that a 2017 government decree mandates that any such gambling-friendly scheme feature a minimum $2 billion price tag with at least half of this spent before its casino can open.
Reportedly read a statement from KN Cam Ranh Company Limited…
“It is with great enthusiasm that we are adequately ready to cooperate with international casino gaming operators for the development and operation of our integrated resort in Cam Ranh. Undeniably, our strategic location and development plan will create an indispensable addition to the pan-Asia integrated resort marketplace.”
The source further reported that the KN Paradise Cam Ranh resort has already opened a 27-hole golf course that was designed by legendary Australian player Greg Norman in addition to a 327-room hotel operated by Wyndham Hotels and Resorts Incorporated.