{"id":8220,"date":"2020-12-15T00:00:00","date_gmt":"2020-12-15T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/vietnam-casinos-financially-struggling-due-to-international-tourism-drop\/"},"modified":"2020-12-15T00:00:00","modified_gmt":"2020-12-15T00:00:00","slug":"vietnam-casinos-financially-struggling-due-to-international-tourism-drop","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/vietnam-casinos-financially-struggling-due-to-international-tourism-drop\/","title":{"rendered":"Vietnam casinos financially struggling due to international tourism drop"},"content":{"rendered":"<p align=\"justify\"><font size=\"4\">Vietnam logged 3.82 million international tourist arrivals in the first 11 months of this year, a year-on-year decline of 76.6 percent. Month-on-month, international visitor arrivals were up 19.6 percent in November this year, but down 99 percent compared to November 2019.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">International travelers are very important for Vietnam&rsquo;s casino industry, as most venues in the country are not allowed to accept bets from locals. According to government data, total revenue of the existing licensed casinos in Vietnam had more than doubled in the past three years, from VND1.19 trillion (US$51.5 million) in 2017 to VND2.5 trillion in 2019. Still, according to local media reports and some analysts, several properties have been struggling financially.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"5\">Vietnam&rsquo;s international travel trade in 2020 has been disrupted by the Covid-19 pandemic, though the spread of the virus within the country has so far been controlled, according to comments by the Vietnam National Administration of Tourism.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Vietnam reported a record 18 million international tourist arrivals in 2019, Vietnam Government Portal reported last month. The country&rsquo;s tourism revenue last year hit US$36 billion.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Vietnam&rsquo;s tourism industry has so far lost at least US$23 billion in revenue due to disruption caused by the Covid-19 pandemic, said the country&rsquo;s Minister of Culture, Sports, and Tourism, Nguyen Ngoc Thien, during a question-and-answer session at the country&rsquo;s National Assembly on November 10, as cited by Vietnam Government Portal.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230; | Respect to Photographers &amp; Influencers<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International travelers are very important for Vietnam\u2019s casino industry, as most venues in the country are not allowed to accept bets from locals.<\/p>\n","protected":false},"author":1,"featured_media":5517,"menu_order":408,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4120],"class_list":{"0":"post-8220","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-vietnamese-casinos-covid-shutdown-vietnam-casinos-vietnam-casino-news","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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