The Vietnam Investment Review reports that even though Vietnam’s Laguna Lăng Cô beach resort, located in Central Vietnam, has yet to hear if the country’s authorities will grant it a casino license, the company remains committed to adding to the existing hotels at the site, according to a report covered by GGRAsia.

Citing Laguna Lăng Cô’s marketing director Alexa Phan as the information’s source, the media outlet said that along with other supporting infrastructure, the resort would be adding six more hotels. The news outlet said that the 300-hectare (741-acre) project, with a US$875-million price tag, will be spread out over four phases. In 2013, the US$200 million first phase, which included the construction of a 229-room Angsana resort, a 57-villa Banyan Tree resort, and conference center and an 18-hole golf course, became operational. The second phase of the project is currently under development.

The business news outlet reported on March 19 that an earlier meeting between Vietnam’s Minister of Finance, Dinh Tien Dung and officials from the resort’s location in the Thua Thien-Hue province, resulted in the idea of adding a casino at Laguna Lăng Cô.

Banyan Tree is a hotel brand of one of Banyan Tree Holdings Limited’s (BTH:SP) three brands. The Banyan Tree Group, whose headquarters is in Singapore, was established in 1194 and is an international hospitality brand that develops and manages hotels, resorts, and spas in Asia, Africa, the Middle East, and America.

Last month, an industry analyst urged the government to reconsider the investment requirement for developers who are considering new building new integrated casino resorts in Vietnam.

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