Michael Kelly is the executive chairman of ACDL, and assumes responsibility for all aspects of ACDL and Ho Tram Project Company Ltd.The Ho Tram Strip development includes the operation of the existing integrated resort (The Grand) and golf course (The Bluffs) as well as future developments at the 2.2 kilometer beachfront site that will ultimately include a second integrated resort, three additional five star resorts, an extensive residential offering and further entertainment activities.Mr. Kelly has over 25 years of senior management experience in the casino industry including CEO and President of Legends Gaming, Chief Operating Office of Majestic Star and its affiliates, as well as senior leadership positions of several gaming companies in North America. His most recent posting was as General Manager at the newly constructed $700 million Golden Nugget Resort Casino in Louisiana.Mr. Kelly relocated to Vietnam from Las Vegas in mid-September to personally oversee the development of the Ho Tram Strip. He has immediately instigated a number of exciting new developments around the resort including new retail initiatives, bars, various entertainment facilities and restaurant concepts.In Mr. Kelly’s new consolidated role, he succeeds both Mr. Steven Shoemaker as Chief Executive Officer of ACDL and Mr. Shaun McCamley as President of The Grand.
The Ho Tram Project Company said it has begun construction work on the next phase of the $4.2 billion Grand Ho Tram IR project in Vietnam, breaking ground for the Kahuna Ho Tram Strip Condotel and Villa Development. “With the commencement of piling today, we aim to be fully operational in early 2019. As the […]
The third phase of the Ho Tram Strip project is set to start development some time in 17Q4, said Ho Tram Project Company (HTP) in a press release on Thursday. The Kahuna Ho Tram Strip is a 244-key development located adjacent to the north-side of The Grand and will feature a combination of 164 one […]
ACDL executive chairman and CEO Michael Kelly has been elected as Vice Chairman of the AmCham Vietnam Board by his fellow governors. In his new role as Vice Chairman, he will serve as a principal advocate for U.S. businesses and investment in Vietnam, expanding on the work he has done to date in his capacity […]
Michael Kelly, executive chairman of The Grand Ho Tram Strip has been elected to the American Chamber of Commerce (AmCham) Board of Governors for the year 2017. Mr. Kelly, who resides in Vietnam, will be the highest-ranking American executive serving on the Board and will play a prominent role representing U.S. business interests in the […]
Asian Coast Development Ltd. (ACDL), developer of The Grand Ho Tram, has announced the appointment of Mr. Tony Podesta and Ms. Loretta Pickus to its board of directors. The two independent board members bring half century of experience in the hospitality industry and government affairs, said the company in a press release. Executive chairman and […]
The Grand Ho Tram Strip has announced it has signed a memorandum of understanding (MOU) with Cotec Construction Joint Stock Company to build a new hotel tower. According to a press release, the MOU was signed on May 23 with the construction firm to cooperate on a $75 million expansion of the integrated resort complex, […]
Vietnam’s Ho Tram Strip has announced the launch of its 60 three-bedroom Gallery Villas project, with Michael Kelly, executive chairman of Ho Tram Strip holding a press briefing over the weekend. The Villas will cover an area of five hectares and will complement Ho Tram Strip’s already built offerings, which currently include The Grand Ho […]
US investment fund Harbinger Capital today announced its second US$50 million investment in the past 14 months into Vietnam’s premier tourism development, the Ho Tram Strip. The total investment in Ho Tram Strip is now approaching nearly $1 billion of the $4.2 billion planned for the 2.2 kilometer beachfront development. The investment represents the ongoing […]
Michael Kelly has been appointed executive chairman of Asian Coast Development Limited and its asset company, Ho Tram Project Company Limited, taking the reins of one of Vietnam’s biggest casino projects. According to Ho Tram’s spokesperson, Matthew Underwood, Kelly will be based full time in Vietnam and will not only oversee the daily operations of […]
Wyndham Hotels & Resorts, an international hotel company, is planning to develop a 12 storey hotel on the Ho Tram Strip under its Ramada brand. Owned and developed by Ho Tram Project Company Limited, Ramada by Wyndham Ho Tram Strip is set to become upper-midscale seafront hotel located within the Ho Tram Strip – Vietnam’s […]
In June, Vietnam took the long-awaited step and sent a draft decree that could pave the way for locals to gamble to the National Assembly. There’s been much speculation over the impact a change in the law will have for both Vietnam and neighboring Cambodia’s casino industries and whether Vietnam will finally be able claw back revenues lost over the border.