Vietnam | Nice Ho Tram Strip story
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 was hoping it wouldnt be a generic account of what the Ho Tram Strip’s plans are, and thankfully it wasnt. I was glad to see that it was an interview and that the reporter started the piece with the most pressing question on my mind:
When asked how he managed to get an investment certificate to build the US$4.2-billion Asian Coast Development Ltd. casino and beach resort complex in Communist Vietnam — one of the fastest-growing tourist destinations in Asia — Michael Aymong smiles and says: “Simple. You just have to want to try.”
I would’ve like to have heard an answer that was a bit more definitive, but in today’s credit markets, that is probably the most honest and realistic answer.
One other quote that was mentioned in the article is the developer’s vision for the Ho Tram Strip:
Mr. Aymong clearly thinks big. He says the development has the potential to be the “next Macau” when it comes to gambling.
Let’s hope Mr Aymong doesnt truly believe that Ho Tram, or Vietnam for that matter, can rival Macao. I personally think it will be a great complement to Macao, and could surpass Macau as a true vacation destination with the beautiful weather and beaches Vietnam has to offer.
Overall, this was a great article and I hope Mr Aymong, Asian Coast Development, and Vietnam the best of luck. Asia certainly has enough room for more high-end gaming resorts.