Developer of new casino resort project in Vietnam's Khanh Hoa Province issues call for investment partners - IAG
Tuesday 25th February 2020
Vietnam's KN Cam Ranh Company Limited has announced its intention to develop a series of partnerships for the investment and operation of an integrated resort project in Vietnam's Khanh Hoa Province, called KN Paradise Cam Ranh Integrated Resort.
The partnership plan follows the issuance by the Vietnamese government of an investment certificate allowing the company to develop a large-scale casino complex.
According to KN Cam Ranh Company Limited, the project will span more than 800 hectares of land in Cam Ranh including a five kilometer stretch of beachfront property, located within a five minute drive from the Cam Ranh International Airport and 30 minute drive from Nha Trang City.
The KNIR master plan is said to include an award-winning golf course, multiple 4 and 5 star hotels, luxury resorts, branded apartments, villas, mansions, townhouses, a shopping and duty-free center, MICE facilities, luxury marina, a union square, beach clubs, water park, theme park and casino complex. The 27-hole golf course, named KN Golf Links, opened under the development and design of Australian golfing Greg Norman on 27 October 2018.
KN Cam Ranh Company Limited also announced this week its intention to develop a partnership with an international operator for the casino complex, which is planned to cover 16.2 hectares and is said to have been approved to operate 200 gaming tables and 2,000 electronic gaming machines.
"It is with great enthusiasm that we are adequately ready to cooperate with the international casino gaming operators for the development and operation of our integrated resort in Cam Ranh," said the development's Investment Deputy General Director of KNIR, who remained unnamed in the announcement.
"Undeniably, our strategic location and development plan will create an indispensable addition to the Pan-Asia integrated resort marketplace."