• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Ho Tram combines top roles in single executive

Sep 28, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


Ho Tram combines top roles in single executive

The backers of the Ho Tram Resort (pictured) in Vietnam have combined the roles of development company boss and project company boss in a single executive position, a spokesman for the casino property confirmed to GGRAsia by email.

“Michael Kelly has been appointed the executive chairman of both the investing company, Asian Coast Development (Canada) Ltd; and the chairman of the asset company, Ho Tram Project Company Ltd,” spokesman Matthew Underwood said in the email.

“He will be based full time in Vietnam and will not only oversee the daily operations of the existing integrated casino resort at the Ho Tram Strip, but will also oversee the development of the next phases of the project,” added Mr Underwood.

Mr Kelly will cover the roles previously taken by Shaun McCamley, who was appointed the property’s president in September 2014, and Stephen Shoemaker, chairman and chief executive of Asian Coast Development. Mr Shoemaker had been commuting between North America and Vietnam.

Ho Tram Resort spokesman Mr Underwood said of Mr Kelly: “He is effectively combining two roles and ensuring that the person taking on those roles is based in Vietnam.” He did not provide biographical information on Mr Kelly.

Mr McCamley is no longer with Ho Tram Project Co, and Mr Shoemaker is moving to another role at Asian Coast Development, Mr Underwood confirmed to GGRAsia.

International investors – including New York City-based hedge fund Harbinger Capital Partners, founded by Philip Falcone – have so far spent about US$700 million on the Ho Tram casino resort project.

The Grand Ho Tram Strip – as it was formerly called – was designed by casino architect Paul Steelman, and opened in July 2013. Asian Coast Development was able to secure a 50-year lease on the 164-hectare (405-acre) beachside plot in Ba Ria-Vung Tau province, 120 kilometres (75 miles) southeast of Ho Chi Minh City.

In October last year, the resort opened The Bluffs, an 18-hole golf course designed by Greg Norman, one of modern professional golf’s most famous players.


  • tweet
Related articles
  • A fresh US$2-bln casino project proposed for Vietnam
    A fresh US$2-bln casino project...

    Mar 04, 2021  

  • Foreigner-only Vietnam casinos seek local trade: report
    Foreigner-only Vietnam casinos seek...

    Mar 02, 2021  

More news
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight...

    Mar 05, 2021  

  • Travel ban on casino hub Sihanoukville: reports
    Travel ban on casino hub Sihanoukville:...

    Mar 05, 2021  


Latest News

Fitch says LVS Nevada sale slight negative, Moody’s keener

Fitch says LVS Nevada sale slight negative, Moody’s keener

Mar 05, 2021  

Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Read More
Travel ban on casino hub Sihanoukville: reports

Travel ban on casino hub Sihanoukville: reports

Mar 05, 2021  

Melco says City of Dreams in Cyprus open summer 2022

Melco says City of Dreams in Cyprus open summer 2022

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"

Junling Tan, Yu Sheng Tay and Vikas Halan

Analysts at credit rating agency Moody’s Investors Service



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us