A prominent gaming firm in Malaysia has obtained sole rights for operating computer-driven lottery games within Vietnam over the upcoming two decades. This promising endeavor is a collaborative undertaking with the firm’s branch, a recognized entity in the lottery sector. To facilitate this, they’ve partnered with a Vietnamese enterprise specializing in gaming tech. This alliance is particularly noteworthy due to the Malaysian company’s controlling interest.
This initiative signifies a substantial financial commitment exceeding two billion USD. The objective is to establish a lottery framework spanning Vietnam, collaborating with the sole organization presently permitted to manage such games there. Their plan involves launching a well-known “Jackpot Lotto” game, succeeded by additional digital offerings.
The implementation will commence in Ho Chi Minh City and progressively extend throughout the nation over a five-year period. They aspire to have approximately 10,000 terminals operational by that time. Financial resources for this ambitious project will originate from a blend of generated income and credit facilities.
This Malaysian firm expresses strong belief in the venture’s triumph. They possess a long-term, exclusive permit, the lottery market in Vietnam is strictly regulated, and rivalry is minimal. These factors combine to create a highly favorable and secure business landscape.
