Vietnam: Requirements for extension of a Certificate of eligibility for casino business

Specifically, according to Article 30 of the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, any large-scale casino-operating enterprise having a Certificate of eligibility for casino business expired according to regulations which wishes to continue the casino business shall apply for extension of the Certificate at least 06 months before the Certificate expires. Requirements for extension of a Certificate of eligibility for casino business include:

- The current Certificate of eligibility for casino business shall be effective for at least 06 more months before the time of application for the extension;

- The requirements specified in points a, c and d clause 1 Article 24 of this Decree are satisfied;

- The enterprise has the Certificate of investment registration or decision on investment policy issued by a competent authority which covers casino business;

- The location of the casino fully satisfies the requirements specified in clause 2 Article 5 of this Decree;

- 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;

- The casino business is concluded conformant by a regulatory body upon the nearest periodic inspection according to regulations in clause 3 Article 60 of this Decree.

View more details at the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, effective from March 15, 2017.

Ty Na

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