MGM Mirage creates new division to expand gambling to international markets
MGM Mirage has added a gaming element to its international hotel development division.
With plans under way to develop a hotel-casino in Vietnam, the company said Tuesday it created Global Gaming Development, a new division focused on international gaming expansion into new markets.
"There are significant opportunities for MGM Mirage Hospitality to develop luxury resort properties outside the United States, which will include gaming in appropriate venues," said Gamal Aziz, president and CEO of MGM Mirage Hospitality.
The company named Lloyd Nathan as president of Global Gaming Development. He most recently served as executive vice president and managing director of MGM Mirage International.
Last month, MGM Mirage announced a joint venture agreement to put a Las Vegas-style casino in Vietnam as part of a $4.2 billion complex.
The MGM Grand Ho Tram will anchor the Ho Tram Strip resort development and include 1,100 hotel rooms, a gaming and entertainment venue, meeting space, shops and restaurants.
The Ho Tram Strip is in the Ba Ria Vung Tau Province of southwest Vietnam, 80 miles from Ho Chi Minh City, which was known as Saigon during the Vietnam War.
