Request for Concepts (RFC) Issued for the Development of Integrated Entertainment Facilities at Laguna Lang Co in Vietnam (PR Newswire)

SINGAPORE, May 25, 2015 /PRNewswire/ — Laguna Lang Co, the operator of the luxury resort located within the Thua Thien-Hue province and north of Da Nang, today announced its Request for Concepts (RFC) has been issued for integrated entertainment facilities, which would comprise a gaming complex at its Laguna Lang Co master-plan development located along central Vietnam’s coastline.

Opened in April 2013, Laguna Lang Co offers luxury hotel rooms, villas, meeting facilities, retail outlets, and venues for live shows and is only a 3-hour flight from China, Vietnam’s major source of gaming revenue.

A website portal ( www.lcmp-rfc.com) has been launched to allow private companies and investors to submit their concepts to develop integrated entertainment facilities at the resort. Banyan Tree Capital (BTC) will be overseeing the RFC process and has designated Global Market Advisors as strategic procurement advisors.

Managing Director of BTC, Steve Small, stated, “We are seeking facilities and strategies that are focused on attracting foreign tourists from greater Asia, with a particular focus on inbound tourists from China and greater Asia. BTC and its parent company Banyan Tree Holdings Limited do not intend to be the operator of the proposed gaming facilities or in any way associated with the operations of these facilities. This RFC process is to identify quality companies who can and will. The master plan is currently under consideration to be awarded a gaming license and we believe that experienced operators will be interested in the potential of integrated entertainment facilities and support the government’s aim to boost Vietnam’s tourism competitiveness.”

Jonathan V. Galaviz of Global Market Advisors stated, “Our team looks forward to interacting with senior executives in the global gaming industry on this very unique opportunity. Vietnam’s tourism and gaming sector is growing and this project aligns with a story of economic growth.”

Additional information and RFC website:

Laguna Lang C o is the first world-class integrated resort in Vietnam, and a premium second home destination in Central Vietnam. The 280-hectare community, which marks the first project in Vietnam for Banyan Tree Group, resides near Lang Co Bay, an area renowned for its pristine coastline and proximity to UNESCO World Heritage Sites.  Visit http://www.lagunalangco.com.

Registration to participate in the RFC process may be achieved by visiting the following website: www.lcmp-rfc.com

SOURCE Banyan Tree Capital

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