“Tuan Chau Island’s King” unveils USD7.5-billion casino project Dao Hong Tuyen, Chairman of Tuan Chau Group and also named as “Tuan Chau Island’s King” said various partners are keen on cooperating with him on a USD7.5-billion casino project on the island in Quang Ninh Province.   Dao Hong Tuyen, Chairman of Tuan Chau Group “We plan to implement the project on a marina which is expected for completion this October. The project has received management agencies’ approval,” he said. He added, “We finished procedures to prove our financial capacity, design and planning of the project over the past two years. We intend to submit these to authorities soon.” Tuyen also revealed plans, with partners, to open another casino in Van Don Island District, saying that Singapore is a good model for development of the tourism trade. “Casinos are necessary for Vietnamese people and the management for this service is simple. Any Vietnamese person who wants to go to a casino would have to pay USD200,” he said. Currently, more than 80% of Vietnamese people who go to Cambodia, Hong Kong and Macau gambled at casinos, “This is a drain on the Vietnamese economy. Why not take advantage of these revenues?" he said. VietnamNet