Originally published on January 2009
Canadian Gaming Business
Michael Aymong appeared in January 2009 edition of Canadian Gaming Business magazine.
MGM MIRAGE and Toronto-based Asian Coast Development Ltd. announced plans to develop the MGM Grand Ho Tram, Vietnam’s first “Las Vegas style” integrated resort. ACDL will own and finance the project and MGM MIRAGE will provide development assistance, brand equity and operate the five-star integrated resort property upon completion.
MGM Grand Ho Tram will anchor the $4.2 billion multi-property Ho Tram Strip resort complex being developed by ACDL along the pristine beaches of South China Sea. The Ho Tram Strip is set on a 2.2 kilometre strip of white sand located in the Ba Ria Vung Tau Province of southwest Vietnam, eighty miles from Ho Chi Minh City. MGM Grand Ho Tram will be the integrated resort destinations. Phase I of the development, scheduled to be open in 2011, includes the Vegas-style gaming facility, the five star hotel and a championship golf course designed by Greg Norman.
ACDL has already broken ground for the MGM Grand resort. “This is a landmark project not just for our company, but for the people of Vietnam,” said Mike Aymong, Chairman of ACDL. “By creating partnerships with world-class operators such as MGM MIRAGE, this burgeoning destination is poised to transform Vietnam’s tourist industry and designed to compete with integrated resorts in neighboring China, Malaysia and Singapore. Our goal is to develop a five-star coastal paradise that attracts tourists year-round with its temperate climate, breath-taking views, and concentration of high-quality resorts and entertainment.”