Asian Coast Developments Target Vietnam Casino Market
Friday 23rd May 2008
It has been confirmed that Canadian based developer Asian Coast Developments will be investing $4.5 billion to build the first casino resort in Vietnam. It seems that Vietnam is the next target for the casino sector and the plans by Asian Coast Developments may not be the last in the area.
The Ho Tram Strip will be built near Ho Chi Minh City and offer both locals and tourists a chance take a break, play the tables and take in some entertainment as well. The company recently received a gaming licence from the Vietnamese government which was the first stage of a chain reaction that looks set to transform the Vietnam gaming industry.
While the venture will not be finished until 2011 the signs are that Vietnam may well become something of a casino hot spot in the not too distant future. The economy is growing at 8.5% per annum and looks well positioned to weather the current economic storm sweeping across the world. More interestingly for the likes of Asian Coast Developments it offers access to the very busy and very lucrative pot of Far Eastern casino players, many of whom are regular visitors to the table.
It has been confirmed that Canadian based developer Asian Coast Developments will be investing $4.5 billion to build the first casino resort in Vietnam. It seems that Vietnam is the next target for the casino sector and the plans by Asian Coast Developments may not be the last in the area.