Ho Tram cleared to open


Asian Coast Development Ltd. announced the formal approval by Vietnam of requested amendments to the investment certificate for the company’s planned complex of casino resorts called the Ho Tram Strip. The agreement means that “there are no legal impediments to open the property” at any point in time a spokesman said. The approval will be key for Asian Coast to attract a new operator to run the property after MGM Resorts International walked away last month. Asian Coast is continuing constructing of a second tower at what was to be the MGM Grand Ho Tram Beach. The tower will add  559 rooms and suites to the existing 541 in the first tower which is ready to open its doors as soon as an operator is found.