 |
| (MGM Las Vegas) |
Casino operator MGM Mirage said Tuesday that it will team with real estate company Asian Coast Development Ltd on a new Vietnam resort.
The MGM Grand Ho Tram will be funded and owned by Asian Coast, while MGM Mirage will provide development assistance, brand equity and run the resort when it is finished.
The facility, which will be part of Asian Coast's US$4.2 billion Ho Tram Strip resort complex, will include 1,100 rooms, a gaming and entertainment component, meeting space, retail and restaurants.
The MGM Grand Ho Tram is targeted to open in 2011.
MGM shares fell 47 cents, or 4.4%, to US$10.11 in morning.
|
Advertising
