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Tag Archives: Ho Tram Strip

Vietnam – Asian Coast announces major new investment in The Grand Ho

Asian Coast Development, the owner of The Grand Ho Tram Strip, has announced a US$50m funding commitment from its majority shareholder, Harbinger Capital. Harbinger Capital Principal Philip Falcone said: “We remain as excited about the Ho Tram Project today as we were when we made our initial investment in 2007. The Grand Ho Tram Strip…

Vietnam – The Grand opens on Ho Tram Strip

The first hotel casino at Vietnam’s biggest ever tourism development; the Ho Tram Strip, opened for business in late July, marking the country’s first integrated resort, The Grand – Ho Tram Strip. The 541 room resort includes live table and electronic gaming facilities, meeting and convention space, thirteen bars and restaurants, a spa, teen’s and…

Vietnam – IGT deploys Asia’s first floor-wide G2S floor

International Game Technology (IGT) has been selected to provide its state-of-the-art sbX system to the prestigious The Grand Ho Tram Strip, Vietnam. The deal also marks the first time that a casino in Asia will implement a floor-wide Game to System (G2S) floor, all done in conjunction with IGT’s Advantage casino management solution. Along with the inclusion of sbX, which creates a path…

Vietnam – The Grand to open on Ho Tram Strip in July

Ho Tram Project Company has confirmed that its first resort, located around two hours from Vietnam’s largest metropolis, Ho Chi Minh City, will open its doors to the public on July 26 and will operate under the name The Grand – Ho Tram Strip. John Webb, The Grand Ho Tram Strip’s VP of Hospitality, said:…

Vietnam – Ho Tram Resort without launch date

Last week Asian Coast Development (Canada) (ACDL) finally secured its gaming licence, however, analysts have now grown anxious as regards the opening date of the Integrated Resort project on the Ho Tram Strip in Vietnam. In an announcement to the media, Lloyd Nathan, CEO of ACDL stated: “The gaming licence confirms our ability to open…

Vietnam – Amendments approved for Ho Tram Strip

Asian Coast Development (Canada) has announced the formal approval by the Government of Vietnam of all of ACDL’s requested amendments to its Investment Certificate.  The certification follows the setback of MGM Resorts pulling out of the project last month with ACDL now evaluating a ‘suitable new and exciting brand’ for its first resort. ACDL Chief…

Vietnam – MGM pulls out of Ho Tram Strip

MGM Resorts has pulled out of its planned project on the Ho Tram Strip, Vietnam’s first large-scale integrated resort. Project owners Asian Coast Development confirmed MGM Resorts would no longer manage the project but didn’t give any reason for the group’s withdrawal. It is now evaluating a ‘suitable new and exciting brand’ for its first…

Vietnam – Pinnacle says Ho Tram Strip investment is in jeopardy

North American operator Pinnacle Entertainment has said that its US$114m investment in Vietnam’s US$4.2bn Ho Tram Strip complex is under threat after it was revealed that the development company behind it; Asian Coast Development, has defaulted on deadlines for completion of the first phase. Pinnacle said in a SEC filing that funding for the project,…

Vietnam- February opening slated for MGM Grand Ho Tram

The US$ 4.2bn MGM Grand Ho Tram, Vietnam’s first Las Vegas-style integrated resort, could be open in just ten months’ time. With the frame construction now complete for the first 541-room hotel, electronic gambling facility and a pool, the company has moved to suggest a rough opening date for the Ho Tram Strip resort, in…