Regarding to the requirements for issuance of Certificates of registration of investment in projects on a casino-included entertainment complex

According to Article 23 of Decree No. 03/2017/NĐ-CP, Certificates of registration of investment in projects on a casino-included entertainment complex just are issued only when the following requirements are satisfied:

  • The implementation of the project of casino has been approved by a competent authority;
  • The project contains at least hotels, service, tourism, commercial and entertaining areas and conference centers;
  • The investment in the project is at least USD 02 billion;
  • There are plans and measures which are feasible and suitable for Vietnam’s conditions for controlling and eliminating negative effects of the casino business.
  • If the investor is not required to have a Certificate of investment registration as prescribed in the laws on investment, the investment project shall be considered by the competent authority as specified in above provisions.

v     Regarding to the requirements for issuance of the Certificate of eligibility for casino business

According to Article 24 of Decree No. 03/2017/NĐ-CP, the requirements for issuance of the Certificate of eligibility for casino business including:

  • 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 specified in clause 2 Article 5 of Decree No.03/2017/NĐ-CP;
  • There are persons in charge of managing or controlling the casino who has at least a university degree and at least 01 year’ experience in the management of casino business and is not prohibited from establishment or management of an enterprise according to laws;
  • There is a business plan as prescribed in clause 6 Article 25 of this Decree;

 

  • Each project on a on a casino-included entertainment complex may be granted only 01 Certificate of eligibility for casino business and such Certificate shall be issued to the enterprise registering for implementing the investment project specified in the Certificate of investment registration or the decision on investment policy.

v  Dossier for issuance of Certificate of eligibility for Casino business including:

  • An application form for the Certificate of eligibility for casino business.
  • A certified true copy of the Certificate of investment registration or the decision on investment policy which contains the provisions regarding the casino business and amending documents thereof (if any) which are issued by competent authorities according to laws on investment or a non-certified copy enclosed with the original for comparison.
  • Documents proving that the capital has been fully disbursed as prescribed in point b clause 1 Article 24 of Decree No. 03/2017/NĐ-CP.
  • A map of location of the casino.
  • A draft of the regulation on internal management, organization of the internal control division, internal regulations on prevention of and fighting against money laundering, regulation on dispute settlement and game rules.
  • A casino business project containing 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.
  • A list of managers and executive officers of the casino with their criminal records and authenticated copies or non-authenticated copies enclosed with the originals of their qualifications to prove their professional capacities./.