Global Casino BOOM

Asian Coast Development Ltd. is close to securing a US$780 million syndicated loan for its proposed casino resort in Vietnam, Chairman Michael Aymong said.
The loan will finance the first phase of the $4.2 billion project, he said. The   Vancouver-based developer had earlier considered an initial share sale as one of its funding options and […]

MGM MIRAGE Hospitality and Asian Coast Development Ltd. Announce Plans to Develop MGM Grand Ho Tram Integrated Resort in Vietnam.
Collaborative project to be owned and financed by Asian Coast Development and Managed by MGM MIRAGE
MGM MIRAGE (NYSE: MGM) and Asian Coast Development Ltd. (ACDL) today announced plans to develop the MGM Grand Ho Tram — […]

This is great. Im having trouble keeping track of all the ANNOUNCED new casinos for Vietnam. I only have one question with this one. It sounds like a pretty big project, so why only a $50 million budget? I know financing is really tough right now, but $50 million??? What can […]

Wow…how in the world did I miss these articles?  I must have been too busy watching my nest egg evaporate over the past two weeks.  Good thing I got friends like Dewet out there sending me great stuff like this:
Giant looks to tread through casino gold
Malaysia’s Giant Group is looking to build a colossal […]

Lets see…world stock indices are plummeting…global credit crisis bringing world’s largest banks to their knees…get the point?
The point is there’s not a whole lot to report on the financing front, but that hasnt stopped the Ho Tram Strip’s Asian Coast Development from talking about a large potential IPO and debt offering.  Might as well wet […]

Dont get too excited, they havent launched an IPO yet.  It sounds like it could still be a few years away, or whenever gaming companies fall back in favor of investors.
I am talking about an article at Bloomberg that is a follow-up to the Asian Coast Development video I posted yesterday.  I am a little […]

Two videos:
Interview with Asian Coast Development CEO. (thanks Dewet)

And an introduction video that outlines what the Ho Tram Strip project is all about. 

Pilot Basis??? Ok its a start, and apparently a big start based on the numbers being thrown around.  Thanks for this article Dewet:
Phu Quoc Island off Kien Giang Province will develop a complex of tourism, entertainment, and casino services on a pilot basis there following the latest decision from the central government, an official of […]

Its been a few months since Vietnam’s Ho Tram Strip news really broke and grabbed everyone’s attention. The gaming world has changed quite a bit since then, as you can all see by the plunge in stock prices of all the big Macau and Las Vegas casino companies.
When I came across this article I […]

Article on the ground breaking ceremony on May 24th.

When the Wall Street Journal picks up on something, you know its probably the real deal. The paper had an article called “Vietnam Makes Bet on Gambling”. You need a subscription to read it, so i’ll point out a couple facts, then ask you to read my updated Ho Tram Strip page where I have […]

This is really big news. It means the Vietnam casino boom that has been discussed is finally taking shape. The developer of the Ho Tram Strip casino resort, Asian Coast Development, has been given the green light by the Vietnamese government and is scheduled to break ground on the resort this Saturday.
Phase I of the […]

Forbes has a quick interview with Fontainebleau’s owner Jeffrey Soffer of Turnberry and also gives a quick background of the company.  Looks like they have international plans in the Mideast (doesnt everyone?) and the Far East (I guess they mean the Ho Tram Strip). 

Here is a great overview of the casino boom that is underway in Vietnam. To be honest, there were so many billions of dollars being thrown around in the article that I lost track of the total investment.
You have to admit, Vietnam has some of the most beautiful beaches in the world - just […]

You never know what to make of these announcements that some company you never heard of is developing a multi-billion dollar casino resort. This time its a company called Pearl of Asia, which is a subsidiary of Trustee Suisse, that wants to build a big casino complex on Phu Quoc Island, Vietnam. The size […]