Vietnam is launching itself into the Asian casino scene by announcing that it will start to boast a new Las Vegas style casino strip call the Ho Tram Strip. One of the first casinos to be constructed there will be run by MGM Mirage and has Lloyd Nathan appointed as the new CEO to help with the initial financing and construction. The name of the casino will be the MGM Grand Ho Tram and is backed Vancouver investment company Asian Coast Development.

Asian Coast is a consortium which managed to secure a 50 year investment license from the Vietnamese government and plans to use $4.2 billion to build five resorts of which two will be international standard casinos. The licence allows for 180 table games and 2,000 electronic games split between the casino premises. The resorts have already begun with construction and open as early as 2013.

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