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Ho
Chi Minh City: 23 November, 2010: With
phase 1 of Asian Coast Development (Canada) Limited’s $4.2 billion project
underway, Jim Murren, Chairman and CEO of MGM Resorts International, together with Gamal Aziz, CEO of MGM
Hospitality, the company which will manage phase 1 of the project, and a
delegation of senior representatives from MGM Resorts and Asian Coast
Development (Canada) Limited, recently visited the site of the future MGM Grand
Ho Tram for consultations with the design and construction teams.
Mr.
Murren was highly optimistic about the attractions that Vietnam offers to the
world entertainment industry, and the opportunities that the nation provides
tourists from the surrounding region and around the world.
“Vietnam
is an integral part of our strategic plans for ambitious developments in Asia.
We believe the Ho Tram development is perfectly suited to complement
Vietnam's rapid growth in international visitation, expanding domestic tourism,
and increasing demand for luxury leisure opportunities,” said Mr. Murren.
“With
our unrivaled knowledge and experience in operating large scale destination
resorts, and the proximity of the property to Ho Chi Minh City, we look forward
to the success of our flagship property in Vietnam," said Mr. Murren
The
MGM Grand Ho Tram will be the first resort development for Asian Coast
Development (Canada) Limited. "The foundations are being laid and the
construction of the shell and core is about to commence," said Asian Coast
Development (Canada) Limited CEO, Mr. Lloyd Nathan. “We are delighted to
have reached a point where the thousands of hours that have been invested in
the design and conceptualization of this project are becoming a visible reality.
The Ho Tram development promises to create a number of significant new
opportunities for Vietnam, from jobs to leisure activities, as well as tourist
attractions”
Mr Aziz added, “This is a truly world-class
location set in a spectacular natural setting, and one to which we will bring
an amazing hospitality experience. We look forward to continuing to work
with Asian Coast Development to create a dynamic entertainment and leisure
complex which will deliver a wide range of entertainment and dining options for
both international visitors and Vietnamese citizens alike.”
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