The slot machine gaming market in Vietnam is getting close to saturation, Tim Nguyen, managing director of Fortuna Investments, has told Asia Gaming Brief. Fortuna has two gaming projects in Vietnam, one in Hanoi and the other in Minh Chau on the China border.
Broadly speaking, gambling in Vietnam is illegal, however, foreigners are permitted to gamble at a handful of casinos scattered around the country. This means that Vietnam’s gaming industry is almost entirely dependent on foreign visitors.
As a result, the gaming executive says that border closures and the subsequent reduction in tourists visiting Vietnam saw the market become oversaturated as the number of players fell significantly. He says the market has still not fully recovered and that many gaming clubs that took a financial hit during the pandemic are in need of further investment to get moving again.
See also: Gambling in Vietnam: Foreign Investor Quick Read 2024