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Follow on Google News | Vegas style casino to be built in Ho Tram, VietnamMGM Mirage to run new casino in Vietnam - report by Ocean Villas Group
By: Rebecca Smith The casino will be located on beach front land and will be the centre piece of the popular Ho Tram Resort in the southern coastal province of Ba Ria-Vung Tau, around 130 kilometers from Ho Chi Minh City. Asian Coast Development Limited (ACDL) will invest $4.2 billion into the property, which will be called the MGM Grand Ho Tram. "The Ho Tram project represents one of the most compelling investment opportunities in the integrated casino resort industry," said Mr Falcone, chief executive of Harbinger, which is ACDL's largest investor. Mr Nathan, appointed Managing Director of the casino, had this to say; "The Ho Tram Strip is set to become the pre-eminent gaming and leisure destination in South East Asia." Vietnam has been targeted by developers looking to replicate the success of Macau, which has attracted billions of dollars of investment from the casino industry in the past. # # # Ocean Villas Group are specialists in lifestyle and investment property worldwide and are committed to supporting investors in both the emerging and established property markets across the globe. End
Page Updated Last on: May 18, 2010
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