Reuters - April 21, 2010
MGM-branded casino planned for Vietnam Resort Area.
MGM MIRAGE executive hired to lead project
A group backed by hedge fund Harbinger Capital Partners plans to open in early 2013 Vietnam's first Las Vegas-style casino resort in a coastal area to be called the Ho Tram Strip. Asian Coast Development Ltd said on Wednesday that it had named Lloyd Nathan, formerly president of MGM Mirage's global gaming development, as its chief executive officer, a post from which he will oversee the project's financing and construction. READ MORE>>>
Business Week - April 21 2010
MGM’s Nathan to Run First ‘Vegas Style’ Viet Casino
Asian Coast Development Ltd. hired Lloyd Nathan, formerly president of MGM Mirage Global Gaming Development, to run the first Las Vegas-style casino in Vietnam, the company said in a statement today. READ MORE>>>
Saigon Times - November 13, 2009
Entertainment Investment Race
International investors have recently shown a lot of interest in tourism and entertainment projects in Viet Nam...Starting the trend was possibly the US$4.2 billion Ho Tram Strip project in Ba Ria - Vung Tau Province by Canada-based Asian Coast Development Ltd. READ MORE>>>
Saigon Liberated (English Edition) - July 13, 2009
VN's Largest Resort Breaks Ground
Viet Nam's largest resort, the MGM Grand Resort and Casino, Ho Tram in Ba Ria - Vung Tau Province had its groundbreaking ceremony on July 11. The project is a partnership between US-based MGM MIRAGE and Ho Tram Project Company, wholly-owned subsidiary of Asian Coast Development (Canada) Ltd. READ MORE>>>
Saigon Liberated (English Edition) - July 10, 2009
Cooking Masters Train Hanoi's Disadvantaged Children
Ho Tram Project Company and MGM MIRAGE brought two of Macau's leading chefs to Hanoi for a culinary training program for underprivileged students at the Know One Teach One (KOTO) training facility near West Lake on July 7 and 8. READ MORE>>>
The Wall Street Journal - May 21, 2009
MGM Mirage Gambles on Hotels in Mideast, Asia
Casino Company Signs Deals to Brand and Manage Bellagios and MGM Grands That Others Will Develop and Build
For years, big hotel companies have fought to gain entry to the lucrative Las Vegas Strip. Now, MGM Mirage, one of the Strip's biggest gambling houses, is making a grand entrance into the hotel industry, with plans to export the Strip's glitz to such sites as Cairo and Viet Nam. READ MORE>>>
Vietnam News - January 24, 2009
US Giant to Manage Vung Tau Resort
HO CHI MINH CITY — The Canadian-invested Ho Tram Project Company has announced that MGM Mirage, a US hospitality and entertainment firm, will manage the first of five resorts it plans to build in Ba Ria-Vung Tau Province.
The MGM Grand Ho Tram would be the first of the resorts on the US$4.2 billion Ho Tram Strip, David Subotic, general director of the company, said. READ MORE>>>
Canadian Business - November 19, 2008
MGM MIRAGE Hospitality and Asian Coast Development Ltd. Announce Plans to Develop MGM Grand Ho Tram Integrated Resort in Viet Nam - Collaborative project to be owned and financed by Asian Coast Development and managed by MGM MIRAGE
TORONTO (Marketwire) - MGM MIRAGE (NYSE:MGM) and Asian Coast Development Ltd. (ACDL) today announced plans to develop the MGM Grand Ho Tram - Viet Nam's first "Las Vegas style" integrated resort. ACDL will own and finance the project, and MGM MIRAGE will provide development assistance, brand equity and operate the five-star integrated resort property upon completion. READ MORE>>>
Las Vegas Sun – November 18, 2008
MGM Mirage to Develop Casino in Viet Nam
MGM Mirage announced today it is teaming up with an Asian development company to build a "Las Vegas-style" casino in Viet Nam. Asian Coast Development Ltd. will own and finance the MGM Grand Ho Tram. MGM Mirage will give development assistance and operate the resort property when it's completed.
MGM Grand Ho Tram will anchor a $4.2 billion resort complex being built along the South China Sea beaches about 80 miles from Ho Chi Minh City. The hotel will have 1,100 rooms, a gaming area, luxury retail, live entertainment stages and beachfront recreation. READ MORE>>>
VietNamNet Bridge –October 22, 2008
Vice President pledges support for Canadian investors
Vice President Nguyen Thi Doan has assured the Canadian business circle that they are always welcomed in Viet Nam.
The Vice President attended a Viet Nam-Canada Business Forum that was jointly held in Toronto on Oct. 20 by the Viet Nam Chamber of Commerce and Industry, the Embassy of Viet Nam, and the Toronto City Council. READ MORE>>>
Canadian Business - October 22, 2008
ACDL Expands Management Team, Bolsters Presence In Viet Nam
HO CHI MINH CITY, VIETNAM- Asian Coast Development Ltd. (ACDL), the luxury resort developer behind The Ho Tram Strip, $4.2 billion, 9,000-room hotel resort and entertainment destination in Viet Nam's Vung Tau Province, has appointed three prominent executives to its team, providing increased expertise in the integrated resort industry. READ MORE>>>
Canadian Business - October 16, 2008
ACDL Appoints President And Chief Legal Officer - Key Positions Strengthen The Company's Position As Ho Tram Strip Breaks Ground
HO CHI MINH CITY, VIETNAM - Asian Coast Development Ltd. (ACDL), the luxury resort developer behind The Ho Tram Strip, $4.2 billion, 9,000-room hotel resort and entertainment destination in Viet Nam's Vung Tau Province, is announcing the appointment of two senior executives to its Canadian team. READ MORE>>>
Vietnam Tonight - October 3, 2008
Construction Starts on Viet Nam's Largest Resort Complex
Asian Coast Development Tuesday began construction of a multi-billion dollar resort complex in southern Ba Ria-Vung Tau Province, the Canadian property developer said in a statement.
The US$4.2 billion Ho Tram Strip development will feature five integrated luxury resorts and a Greg Norman-designed golf course. The first stage of the resort is expected to finish in 2011. READ MORE>>>
Vietnam News - September 19, 2008
Viet Nam Emerges as the New Destination for Integrated Resorts
With a 3,200-km coastline, Viet Nam is emerging as an Asian destination for integrated resort developments, according to David Subotic, CEO of the Asian Coast Development Company.
"Currently Macau stands out as the obvious destination for integrated resort visitors, but we believe that Viet Nam is ideally positioned to offer tourists possibilities far beyond what Macau is capable of," commented Subotic while speaking at a conference in Singapore last week. READ MORE>>>
Wall Street Journal Asia - May 23, 2008
Viet Nam Makes Bet on Gambling - Canadian Firm to Break Ground on Casino Project
HONG KONG -- Communist Viet Nam is set to become the latest country in Asia to embrace Las Vegas-style casinos, with a Canadian property developer planning to break ground Saturday on the first phase of a $4.5 billion casino-resort project on the nation's southern coast. READ MORE>>>
Bloomberg.com - May 23, 2008
Canada's Asian Coast Plans $4.5 Billion Viet Nam Casino Resort
Asian Coast Development Ltd., a Toronto-based developer part owned by Harbinger Capital Partners, plans to invest $4.5 billion to build Viet Nam's first casino resort. The Ho Tram Strip complex, to be built near Ho Chi Minh City, will be completed by 2011... READ MORE>>>
AFP - May 22, 2008
Canada Casino-Resort Group Plans 4.2 Billion Dollar Project in Viet Nam
HANOI (AFP) — Viet Nam has given the go-ahead for a Canada-based casino and resort group to build a 4.2-billion-dollar tourism complex in a southern beach area near Ho Chi Minh City, the government said Thursday.
Asian Coast Development (Canada) Ltd., or ACDL Group, has received the green light for the project in the seaside province of Ba Ria-Vung Tau, east of Viet Nam's largest city and port, formerly called Saigon. READ MORE>>>
Reuters Canada - May 22, 2008
Canadian Firm To Build $4.2 Billion Casino in Viet Nam
HANOI (Reuters) - Canada's Asian Coast Development Ltd group will start building work on a major resort and casino in southern Viet Nam at an investment of $4.2 billion as soon as this week.
Construction of the group's Ho Tram Strip complex would start on Saturday in Ba Ria-Vung Tau province, 125 km (78 miles) southeast of Ho Chi Minh City, the Vietnamese government said in a statement. READ MORE>>> |
