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November 22, 2009

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MGM Mirage to develop casino in Vietnam

By Tim Richardson (contact)

Tuesday, Nov. 18, 2008 | 1:32 p.m.

Beyond the Sun

MGM Mirage announced today it is teaming up with an Asian development company to build a "Las Vegas-style" casino in Vietnam.

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.

"MGM Grand Ho Tram's prime beach-front location affords us an even greater opportunity to provide our guests with a spectacular experience," Lloyd Nathan, executive vice president of MGM Mirage Global Gaming Development said in a statement released Tuesday. He said the resort will be "a showplace for the further development of high-end international tourism in Vietnam."

Asian Coast Development Ltd. has broken ground on the resort, which is expected to open in 2011. It will be surrounded by a Greg Norman-designed 18-hole golf course.

Discussion: 5 comments so far…

  1. By Retired_USARMY
    11/19/08 at 1 p.m.
    Suggest removal

    After I was in Viet Nam in 1970 and seeing what Viet Nam did to our soldiers, I believe this is wrong. I will not visit any MGM Mirage properties again. I feel this is a slap in the face to me and our 58,000 who died there.

  2. By stevem
    11/19/08 at 6:39 p.m.
    Suggest removal

    so the moral of the story is...

    lay off a bunch of amercian workers and you'll have enough money to build a casino in another country.

    vegas deserves to go belly up.

  3. By dave202
    11/19/08 at 11:11 p.m.
    Suggest removal

    #1: This celebrates the 58,000 soldiers who died because it means we WON the war. It means American idealism and capitalism won out, even if it took 30 years.

    #2: MGM isn't putting up a dime. It's going to operate the casino for a fee, meaning it wouldn't matter if it was making billions of dollars or laying off workers in Vegas.

    READ PEOPLE!

  4. By LvBrave
    12/1/08 at 5:09 p.m.
    Suggest removal

    To: Retired_USARMY

    You also forgot what "America" did to the Native American people in "Our Country" when they first came over to America!

    Thomas Jefferson, our icon of freedom and personal liberty set the national policy toward Native Americans that would last for over one hundred years. He began the trail of tears which would destroy cultures and result in the reservation system.

    Always a man of dichotomies, Jefferson admired and lauded the American Indian. As a man of the Romantic Era he saw them as unspoiled; the "noble savage". As, also, a man of the Enlightenment, with its analytical detachment, he knew that the Indian way of life could no longer exist in an expanding United States.

  5. By johnevegas
    12/2/08 at 4:02 a.m.
    Suggest removal

    I'm with dave202. This is a win/win situation and nobody sold out anybody's honor for money or jobs.

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