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.
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