MGM withdraws from Vietnam casino project, developer says

03/7/2013 | Reuters

MGM Resorts International won't manage a casino resort under construction on the Ho Tram Strip in Vietnam, according to Asian Coast Development, the project's developer. ACDL said it was already in discussions with potential partners to replace MGM. "We thank MGM for its assistance in the hiring and training of our 2,000-strong team of Vietnamese hospitality professionals. We are delighted that we have completed the construction of the first phase of our first resort," ACDL Chief Executive Lloyd Nathan said.

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