When one thinks of Ho Chi Minh City, Viet Nam, the term “gaming mecca” doesn’t exactly come first to mind. But thanks to a new partnership between MGM Mirage Hospitality and Asian Coast Development (Canada) Ltd., (also known as ACDL) that may soon change.
Artist Rendering of MGM Grand Resort and Casino Ho Tram
It was announced last week that Viet Nam’s first “Las Vegas-style” resort will be the MGM Grand Resort and Casino Ho Tram. It will be the first component of the $4.2 billion multi-property Ho Tram Strip being developed by ACDL along the beaches of the South China Sea, about 130km southeast of Ho Chi Minh City.
The first phase of the resort is scheduled to open in 2012 with 550 luxury guest rooms, a conference center and a gaming area consisting of a mixture of live table games and electronic games. The second phase is scheduled for completion the following year, with a new tower of guest rooms, 14 private villas and more electronic games, along with a 200-acre championship golf course designed by PGA legend Greg Norman.
In addition to this Viet Nam resort, MGM Mirage is also set to operate international resorts in China, Dubai, and Egypt, along with the currently open MGM Grand Macau. The company’s portfolio includes several North American resort/casinos including the MGM Grand Las Vegas and the MGM Grand Detroit.
[Artist rendering courtesy of ACDL]
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4 Responses
9000-room 5-star hotel integrated with Las Vegas style casinos!!
4 billion dollar investment!
in a country where GDP per capita is less than $750 a year? More than half of Vietnamese population lives on less than a dollar a day.
fewer than a thousand people live in Ho Tram!
of course there are investors who put their money in the likes of Madoff
James McNail, apparently you don’t know anything about business, let alone Vietnam. Such an ignorant comment. Do your reserach before you talk or you’ll be a laughing stock.
The Hotel casino is not for the comsumtion of the local population. It will attract the riches of Vietnam and the surrounding areas like China, Hong kong, Taiwan, Thailand, Phillipine, Malaysia and of course the European and North and South American. Just like Las Vegas, tourists around the world come to play. You built it, the riches will flock to it
i work here in vietnam, and sometimes i get skeptical too.. but i guess they have a good forecast of Vietnam’s future.. I just hope that it doesn’t end like Thailand, and other Southeast Asian countries back in the 90′s