The Ho Tram Strip planned for Vietnam will bring tremendous benefits to the country's economy, the man leading the project has said.
According to Asian Coast Development’s chief executive officer, Lloyd Nathan, the success of integrated casino resorts in Macau and Singapore has demonstrated how gaming can be a powerful engine for economic growth.
“This has not been lost on other governments in the region and we are certainly seeing steps being taken to introduce the same business model in certain jurisdictions, most notably in Taiwan,” he told InterGaming.
ACDL, through its subsidiary Ho Tram Project Company, is planning to develop a group of integrated resorts on more than 400 acres of land. The first, the MGM Grand Ho Tram, will be managed by MGM Resorts International and will feature a 1,100-room hotel.
The project, Nathan said, has the backing of the Vietnamese government.
“It is clear that the government is very knowledgeable in this area and has keenly observed the competitive dynamics within Asia and how the Ho Tram Zone can be of immense benefit to the people of Vietnam, including in terms of job creation, career development, tourism and economic growth.”
Read our full keynote interview with Lloyd Nathan, CEO of Asian Coast Development, in the September issue of InterGaming.
