Chow Tai Fook Enterprises eyes US$4b Vietnam casino project
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Shanghai
CHOW Tai Fook Enterprises Ltd, a Hong Kong company with businesses from property to jewellery, is ready to invest in a US$4 billion casino project in Vietnam.
"We are interested," Henry Cheng, a director at the closely-held investment company, said in a Nov 28 interview about the casino resort in the central Vietnam province of Quang Nam. "We are doing something now to secure this project." He didn't disclose more details.
Chow Tai Fook, controlled by the family of Hong Kong's fourth richest man, Cheng Yu-Tung, is looking to tap a boom in gaming demand as more Chinese travel overseas. Vietnamese policy makers are seeking to replicate the succe…
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