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9th April 2008, 09:08 AM
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$5 billion casino resort for Vietnam
TAKING A GAMBLE IN VIETNAM
Seaside Luxury Casino Resort Planned in Vietnam Oaktree Capital Corporation, a US-based investment management company is planning to build a $5 billion seaside luxury casino resort in Da Nang, Vietnam. Oaktree's plans include 4 000 hotel rooms, an entertainment area, a yacht quay, a golf course, a helipad to transfer tourists, a casino for foreigners and a cable car system. The firm says it has met with city officials and obtained approval for its plan, but it has not specified a timeframe for the project's completion. Oaktree manages around $52 billion in assets, including equities, property and bonds.
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