A group of investors including former Las Vegas Sands president Bill Weidner’s Weidner Resorts and architecture group Steelman Partners are rumoured to have partnered for a $4bn real estate project in southern Vietnam.
While the project hasn’t been specified as a casino, $4bn is typically the amount authorities in Vietnam suggest for casino projects. The project is planned for a new urban area called Thu Thiem in Ho Chi Minh City.
Steelman Partners already has a link to gaming in Vietnam after designing the Ho Tram Strip resort, which is currently the largest casino in the country.
Weidner-led Global Gaming Asset Management was the previous manager of Bloomberry’s Solaire Manila casino in the Philippines and has also proposed a casino on Taiwan’s Matsu island.
The project would be developed in less than four years and sit on 27 acres.
Source: Fantini’s Gaming Report
