Locals play at Phu Quoc was manageable by design. Ho Tram is different — closer to Ho Chi Minh City, more visible, more sensitive, and far harder to manage.
In this piece, I explain why Ho Tram now carries disproportionate weight in Vietnam’s casino policy, why success will be judged on responsibility, AML and execution — not GGR — and why the next 6–12 months will shape the future of locals’ play nationwide.
Policy will not decide the outcome.
Execution will.