MGM Pulls Out Of Vietnam Casino Hotel

Category: Hotels, Posted:09 Mar 2013 | 09:01 am

Vietnam is continuing to see stress in its development pipeline.
The latest casualty is the split between MGM Resorts International and Asian Coast Development at the Ho Tram project.
MGM has terminated their contractual agreement on grounds of failure to achieve pre-opening milestones.
Asian Coast has said they are in the process of finding another operator.
From a reputation standpoint the splinter between the two groups looks set to create even more negative sentiment in the market.

Other News

From Spas to Longevity: Phuket Evolves into a Global Wellness Tourism Leader

Category: Hotels|Real estate|Tourism, Posted:29 Nov 2024 | 08:10 am Wellness tourism is in great shape. One of the fastest growing areas of the tourism industry, the sector has grown from a niche market for committed health seekers to become a THB 219 trillion (USD 6.3 trillion) global powerhouse. At the heart of this revolution is Asia Pacific, which accounts for 30% of the worldwide […]

C9 Session Today On Phuket’s Wellness Sector for Hotels, Tourism and Real estate

Category: Hotels|Real estate|Tourism, Posted:27 Nov 2024 | 07:30 am There is still time to register for today’s C9 Session (Wednesday 27th November 2027, which will be held at the Amora Phuket Resort Bangtao. How is Longevity and a health-focused lifestyle changing the face of the wellness industry? Join us for a unique 90-minute learning session featuring experts from international medical wellness, tourism, resort and real […]

New Onyx and Equatorial JV Hotel for Kata Phuket

Category: Hotels|Real estate|Tourism, Posted:19 Nov 2024 | 09:27 am A new 180-room branded property, the EQ Phuket has been announced for Kata Beach. The property, which is located next to Club Med, was developed by a joint venture between Thailand’s Onyx Hospitality and Malaysia’s Equatorial Group. Investment into the project is THB2.5 billion (approximately USD72 million). Equatorial Group, a legacy Asian hotel group, has […]

More Insider News