23-May-08. Canadian developer plans $4.5-billion resort in Vietnam. Globe and Mail, B8.
May 27, 2008
Toronto-based Asian Coast Development Ltd. is the lead investor in a $4.5-billion (U.S.) casino resort project to be built in Vietnam called Ho Tram. Vietnam’s ruling Communist Party has historically been suspicious of U.S.-style casinos, and many Vietnamese consider gambling a social evil. The Ho Tram casinos will be off-limits to Vietnamese, as are the country’s existing casinos.
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