Asia
KN ParadiseCam Ranh Integrated Resort to Further Develop Vietnam’s Growing Gaming Industry
KN Paradise Cam Ranh Integrated Resort (“KNIR”) is a development project incorporated under the KN Cam Ranh Company Limited in Cam Ranh, Khanh Hoa Province, Vietnam. KN Cam Ranh Company Limited has announced their formal intention to develop partnerships in the implementation of investment and operation of their KNIR project. This comes as the Vietnamese government has recently issued the Investment Certificate allowing the KNIR to develop a large-scale casino complex.
KNIR project spans over 800 hectares of land in Cam Ranh and inclusive of a 5 kilometer stretch of pristine beachfront property, KNIR is perfectly located within a five minutes car drive from the Cam Ranh International Airport and 30 minutes’ drive from the Nha Trang City. The KNIR master plan includes a wide range of hospitality and residential properties, as well as an abundance of premium facilities including a prestigious award-winning golf course, multiple 4-5 star hotels, luxury resorts, branded apartments, villas, mansions, shophouse, townhouses, casino complex, shopping and duty-free center, MICE facilities, luxury marina, union square, beach clubs, water park, theme park and many more. The 27-hole golf course, named KN Golf Links, opened under the development and design of the golf legend Greg Norman on 27 October 2018.
KN Cam Ranh Company Limited has also announced their formal intention to develop a partnership of the casino complex with an international operator. With the Investment Certificate recently approved by the Vietnam government, KNIR is permitted to develop a casino on the resort premises. The casino is planned to cover 16.2 hectares and has been approved for operating 200 gaming tables and 2,000 electronic gaming machines.
The Investment Deputy General Director of KNIR stated that: “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. Khanh Hoa Province, Vietnam. Undeniably, our strategic location and development plan will create an indispensable addition to the Pan-Asia integrated resort marketplace.
The company plans to announce increased industry integration and participation, including participation in a variety of gaming events and trade shows throughout Asia.