The country’s first Las Vegas-style
integrated resort is set to open in ten months to charm guests.
“We
have not yet selected the exact date for MGM Grand Ho Tram’s grand opening but
it will be an auspicious date and is likely to be in early February,” said
Lloyd C. Nathan, chief executive officer of developer Canada-based Asian Coast
Development Limited (ACDL).
ACDL
received investment certificate for this Ho Tram Strip project in 2008, with
total registered investment capital at $4.2 billion. The construction of the
first resort MGM Grand Ho Tram started in 2010 which includes two hotels, a
13,600 square metre gaming entertainment area, world-class conference
facilities, a variety of recreational activities and beach facilities.
The
investor has completed the frame construction of first 541-room hotel,
electronic gambling facility and a pool. “A second 549 room tower will later be
added to the MGM Grand Ho Tram, which will take it up to 1,100 rooms,” said
Nathan.
Nathan
said ACDL would pump about $450 million into this first resort and it would
also offer 90 live game tables and 500 electronic gaming machines. Once the
first resort was opened, ACDL expected to attract people from a broad range of
countries, he said.
“We
have a compelling offering in a spectacular location. The Ho Tram Strip will be
a place to bring the family and enjoy the many and varied amenities we have to
offer. These include state of the art MICE facilities which will further
strengthen Vietnam and Ho Tram’s global position as a key destination,” Nathan
added.
Located
in Ba Ria-Vung Tau province, Ho Tram Strip is 127 kilometres from Ho Chi Minh
City and Nathan said the construction of Highway 51 linking Ho Chi Minh City
and Ba Ria-Vung Tau and a Long Thanh international airport in Dong Nai province
would benefit the project.
Ngoc
Linh | vir.com.vn
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
Dear
Reader,
May I
invite you to visit our new blog: IIMS-Asean http://iims-asean.blogspot.com/
News
and activities of the International Institute of Medicine and Science Asean
Chapter of IIMS, Inc. California, USA - Health care, Life Science, Education,
Research, Philanthropy. Asean is the economic organisation of ten countries
located in South East Asia: Brunei Darussalam, Cambodia, Indonesia, Lao PDR,
Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. IIMS is a
non-profit organization.
No comments:
Post a Comment