$5 billion casino resort for Vietnam

jetset

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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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