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Casino strip given go-ahead in Vietnam
HO CHI MINH CITY – Work has started on Ho Tram Strip, designed by Las Vegas architectural firm Steelman Partners.
The first stage of Vietnam’s largest single tourism venture will open in 2010.
The planned US$4.2 billion, 9,000-room luxury hotel resort and entertainment destination will be located on the beaches of Ba Ria – Vung Tau Province, in southern Vietnam.
Phase one of the project – a five-star hotel resort with 1,100 rooms, a championship golf course designed by Greg Norman, and Vietnam’s first Las Vegas-style casino – is slated to open in late 2010.
Phase two – a second luxury resort with 1,300 rooms, a casino, and 10 restaurants and nightclubs – is scheduled to open in the spring of 2011.
The entire complex, located 80km southwest of Ho Chi Minh City on the South China Sea, is scheduled to be completed in less than 10 years.
“The proximity to one of the finest unspoiled beaches in the world gives us the opportunity to create something special,†said Paul Steelman, founder and CEO of Steelman Partners, who also designed the Sands Macao casino resort and Macao Studio City.
“The Ho Tram Strip will combine entertainment, adventure and leisure vacations into one exceptional vacation experience,†Steelman added.
When complete, the 169-hectare Ho Tram Strip will include five resorts and an international conference centre.
Asian Coast Development Ltd, a privately held Canadian-based luxury resort developer, has been awarded an investment certificate by the government of Vietnam that allows for the construction of the Ho Tram Strip.
“Vietnam is blessed with some of the most magnificent natural beauty in the world,†said Michael Aymong, chairman, Asian Coast Development Ltd.
“We share the same vision and determination as our Vietnamese partners in ensuring that this development respects the lush natural beauty of the area while showcasing local culture.
“The Ho Tram Strip will set the standard as a premier luxury destination in this beautiful country.â€
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