Resort opened in 2013
The Grand Ho Tram casino resort in Vietnam has changed its name.
“We are moving forward under the property name of Ho Tram Resort Casino Vietnam, located on the Ho Tram Strip: our updated logo reflects this. The Grand remains only as the hotel element; also everyone knows as us Ho Tram, hence the change,” said Shaun McCamley, president of the resort, a beachfront property 75 miles from Ho Chi Minh City.
The resort opened in July 2013 under the name Grand Ho Tram Strip. Originally it was to have been called the MGM Grand Ho Tram. But in March 2013, MGM Resorts International withdrew from a deal to manage the resort under its worldwide brand. According to GGRAsia, the U.S.-based gaming firm told Asian Coast Development was unwilling to wait for Vietnamese authorities to grant an investment certificate.
Colin Pine, general director of Ho Tram Project Co Ltd., a wholly-owned subsidiary of Asian Coast Development, said in a May interview that investors have spent US$700 million on the Ho Tram resort. The enterprise is hopeful the Vietnamese government eventually will allow Vietnamese citizens to gamble.
The project’s developer is Asian Coast Development Ltd. of Canada. The firm’s majority partner is New York-based Harbinger Capital Partners LLC, founded by Phil Falcone, according to GGRAsia.