The former president of one of the world’s most successful gambling operators MGM Mirage Global, Lloyd Nathan, has been asked to run a new Vegas style casino resort which will operate 130 kilometers from Ho Chi Minh City, Vietnam.

Bloomberg Business Week: MGM’s Nathan to Run First ‘Vegas Style’ Viet Casino

Asian Coast Development Ltd. hired Lloyd Nathan, the former president of MGM Mirage Global Gaming Development, to run the first Vegas-style casino in Vietnam. Asian Coast has a 50-year license to build a $4.2 billion casino and resort 130 kilometers from Ho Chi Minh City. Vietnam will be compete with neighboring resorts Macau, the world’s biggest gaming hub.

In an e-mail Nathan said, “The 16 countries in close proximity to Vietnam comprise almost 2/3 of the world’s population, but only 5% of the world’s licensed gaming establishments.”

The casino will be off-limits to the nation’s 86 million people. Singapore’s first casino opened on February 14 at the Resorts World Sentosa project. The government charges locals a $72 admission fee.

The new beachside Vietnamese resort will include 550 rooms, 90 gaming tables and 500 slot machines initially. The development is licensed for up to 180 tables and 1000 slot machines, he said.

The Associated Press: Development firm hires MGM Mirage’s Nathan as CEO

Officials say an MGM Mirage executive has left the casino company to lead a Canadian firm working on a $4.2 billion casino development in Vietnam.

Vancouver, British Columbia-based Asian Coast Development Ltd. named Lloyd Nathan its chief executive and appointed him to its board.

Nathan was previously president of MGM Mirage Global Gaming Development and had been involved in the Ho Tram Strip project for the Las Vegas-based company.

Officials say the Ho Tram Strip is being developed on 420 acres along more than 1 mile of beachfront land on the South China Sea.

Reuters: UPDATE 1-MGM-branded casino planned for Vietnam resort area

Asian Coast Development Ltd says that it has named Lloyd Nathan, former president of MGM Mirage’s global gaming development, chief executive officer of the new project in Vietnam. The Vancouver-based investment group has hired Las Vegas-based MGM Mirage to operate the $400 million, 1,100-room resort, which will be called the MGM Grand Ho Tram.

Asian Coast, which holds a 50-year investment license from the Vietnamese government, said overall plans call for a $4.2 billion project that will encompass five resorts, two of which will include gambling. The license allows 180 table games and 2,000 electronic games (such as slot machines), split between the two casino properties.

China’s Macau, the only place in the area where gambling is legal, surpassed Las Vegas several years ago to become the world’s largest source of gambling revenue. MGM has a joint-venture project in Macau, and rival Wynn Resorts this week opened its second casino-resort in the Chinese enclave.

The former president of one of the world’s most successful gambling operators MGM Mirage Global, Lloyd Nathan, has been asked to run a new Vegas style casino resort which will operate 130 kilometers from Ho Chi Minh City, Vietnam.

Bloomberg Business Week: MGM’s Nathan to Run First ‘Vegas Style’ Viet Casino

Asian Coast Development Ltd. hired Lloyd Nathan, the former president of MGM Mirage Global Gaming Development, to run the first Vegas-style casino in Vietnam. Asian Coast has a 50-year license to build a $4.2 billion casino and resort 130 kilometers from Ho Chi Minh City. Vietnam will be compete with neighboring resorts Macau, the world’s biggest gaming hub.

In an e-mail Nathan said, “The 16 countries in close proximity to Vietnam comprise almost 2/3 of the world’s population, but only 5% of the world’s licensed gaming establishments.”

The casino will be off-limits to the nation’s 86 million people. Singapore’s first casino opened on February 14 at the Resorts World Sentosa project. The government charges locals a $72 admission fee.

The new beachside Vietnamese resort will include 550 rooms, 90 gaming tables and 500 slot machines initially. The development is licensed for up to 180 tables and 1000 slot machines, he said.

The Associated Press: Development firm hires MGM Mirage’s Nathan as CEO

Officials say an MGM Mirage executive has left the casino company to lead a Canadian firm working on a $4.2 billion casino development in Vietnam.

Vancouver, British Columbia-based Asian Coast Development Ltd. named Lloyd Nathan its chief executive and appointed him to its board.

Nathan was previously president of MGM Mirage Global Gaming Development and had been involved in the Ho Tram Strip project for the Las Vegas-based company.

Officials say the Ho Tram Strip is being developed on 420 acres along more than 1 mile of beachfront land on the South China Sea.

Reuters: UPDATE 1-MGM-branded casino planned for Vietnam resort area

Asian Coast Development Ltd says that it has named Lloyd Nathan, former president of MGM Mirage’s global gaming development, chief executive officer of the new project in Vietnam. The Vancouver-based investment group has hired Las Vegas-based MGM Mirage to operate the $400 million, 1,100-room resort, which will be called the MGM Grand Ho Tram.

Asian Coast, which holds a 50-year investment license from the Vietnamese government, said overall plans call for a $4.2 billion project that will encompass five resorts, two of which will include gambling. The license allows 180 table games and 2,000 electronic games (such as slot machines), split between the two casino properties.

China’s Macau, the only place in the area where gambling is legal, surpassed Las Vegas several years ago to become the world’s largest source of gambling revenue. MGM has a joint-venture project in Macau, and rival Wynn Resorts this week opened its second casino-resort in the Chinese enclave.

Faced with a growing budget deficit and rising unemployment rates, the great state of New Hampshire has joined the other states on the long list of those considering online gambling as a promising answer to financial problems.

Nashua Telegraph: Gambling would bring much needed jobs

There’s been a lot of focus on the review of SB489, a bill to expand gambling in addition to adding slot machines and a resort casino in New Hampshire. Many New Hampshire workers are looking for the opportunity to show support for the bill, tell their stories and share the many positive outcomes that would result from this legislation being passed.

The construction industry is in shambles with an unemployment rate of 30%. Projects like those proposed in the bill would provide work for many throughout the state. A lot has been said about the social costs that the bill could create within our state and how it could impact lives. Missing from the debate are the social costs of prolonged unemployment.

This is why we must act now to support and implement expanded gambling. Passage would mean construction work unseen since the building of Seabrook Station, when over 70% of the industry had health and retirement benefits.

Thousands of construction workers could piece their lives back together, not with handouts from the state but with a good quality job. Workers look to their state elected leaders to support this extremely vital, job-creation bill.

The Boston Globe: NH gov considers legalizing online gambling

Though he opposes slot machines and casino-style gambling, Gov. John Lynch of New Hampshire may support legalization on internet gambling in order to close a growing budget deficit. The governor will unveil his plan for the state next week, and legalizing online gaming is among the ideas he’s considering.

The House is debating a Senate-passed bill that allows up to 17,000 slots and casino-style games at six locations throughout the state. Lynch opposes the bill because he said it fails to prevent the proliferation of gambling.

Arguments against the new bill claim that it would proliferate gambling and wouldn’t create jobs. A lawyer for the Hudson project, however, estimates it would create 3,800 jobs, including trick-down positions at restaurants and other businesses.

Bloomberg Business Week: NH legislators propose changes to gambling bill

New Hampshire legislators in the House are supporting a gambling bill which would cut the number of slots from the proposed 17,000 to 9,750 and offer them at five places instead of six. The House is considering a Senate-passed bill to expand gambling.

Under the proposed House changes, competing proposals for casinos would vie before a three-person tribunal to secure one site each in central and northern New Hampshire. The change is seen as a response to the owners of the New Hampshire Motor Speedway, who said they were left out of the original bill. Another proposed change would repeal the state’s new 10 percent tax on gambling winnings.

Faced with a growing budget deficit and rising unemployment rates, the great state of New Hampshire has joined the other states on the long list of those considering online gambling as a promising answer to financial problems.

Nashua Telegraph: Gambling would bring much needed jobs

There’s been a lot of focus on the review of SB489, a bill to expand gambling in addition to adding slot machines and a resort casino in New Hampshire. Many New Hampshire workers are looking for the opportunity to show support for the bill, tell their stories and share the many positive outcomes that would result from this legislation being passed.

The construction industry is in shambles with an unemployment rate of 30%. Projects like those proposed in the bill would provide work for many throughout the state. A lot has been said about the social costs that the bill could create within our state and how it could impact lives. Missing from the debate are the social costs of prolonged unemployment.

This is why we must act now to support and implement expanded gambling. Passage would mean construction work unseen since the building of Seabrook Station, when over 70% of the industry had health and retirement benefits.

Thousands of construction workers could piece their lives back together, not with handouts from the state but with a good quality job. Workers look to their state elected leaders to support this extremely vital, job-creation bill.

The Boston Globe: NH gov considers legalizing online gambling

Though he opposes slot machines and casino-style gambling, Gov. John Lynch of New Hampshire may support legalization on internet gambling in order to close a growing budget deficit. The governor will unveil his plan for the state next week, and legalizing online gaming is among the ideas he’s considering.

The House is debating a Senate-passed bill that allows up to 17,000 slots and casino-style games at six locations throughout the state. Lynch opposes the bill because he said it fails to prevent the proliferation of gambling.

Arguments against the new bill claim that it would proliferate gambling and wouldn’t create jobs. A lawyer for the Hudson project, however, estimates it would create 3,800 jobs, including trick-down positions at restaurants and other businesses.

Bloomberg Business Week: NH legislators propose changes to gambling bill

New Hampshire legislators in the House are supporting a gambling bill which would cut the number of slots from the proposed 17,000 to 9,750 and offer them at five places instead of six. The House is considering a Senate-passed bill to expand gambling.

Under the proposed House changes, competing proposals for casinos would vie before a three-person tribunal to secure one site each in central and northern New Hampshire. The change is seen as a response to the owners of the New Hampshire Motor Speedway, who said they were left out of the original bill. Another proposed change would repeal the state’s new 10 percent tax on gambling winnings.

Gambling regulators in Pennsylvania are fining Mount Airy Casino Resort a whopping total of $100,000 on the basis of underage gambling charges. Gamblers between the ages of 17 and 20 have caught at the casino 6 times in the last year, four of which were reported by the casino.

Bloomberg Business Week: Pa. casino fined $100,000 over underage gambling

Pennsylvania gambling regulators fined a Poconos resort casino $100,000 for underage gambling. The Pennsylvania Gaming Control Board says gamblers between 17 and 20 years of age were caught playing slots 6 times at Mount Airy last year. In four of those cases the casino didn’t report the violations.

In an agreement with regulators Mount Airy also purchased 8 electronic scanning devices to check gambler driver’s licenses and other ID cards. Mount Airy’s vice president, Matthew Magda, says the casino is working to prevent future incidents and will report them if they occur.

In the last two years regulators have fined Pennsylvania casinos 9 times totaling $332,500 over underage gambling.

Pocono Record: Mount Airy hit with record fine by state

Mount Airy Casino Resort received a record $100,000 fine from the Pennsylvania Gaming Control Board for 5 instances of underage gambling at the casino’s slots. Out of 5 instances, 4 were discovered by resort security yet never reported to the gaming board.

The incidents occurred between July and September 2009 when Pennsylvania’s gaming act made it illegal for anyone under 21 to operate slots and barred individuals under 18 from entering the gaming floor.

Eight identification-scanning devices were also bought by Airy to help prevent underage individuals from accessing the floor in the future. During the past 2 years, the board has levied fines 9 times for violation of underage gambling or minors on the gaming floor totaling $332,500.

The Morning Call: Underage gambling violations at Mount Airy result in $100,000 fine

The Pennsylvania Gaming Control Board approved a $100,000 fine against Mount Airy Resort Casino for underage gambling violations that occurred in the last year. According to a news release from the Gaming Control Board, 6 gamblers between the ages of 17 and 20 were caught playing slot machines at Mount Airy Resort Casino last year.

Under Pennsylvania gaming laws, it’s illegal for those under 21 to use or operate a slot, and those under 18 are forbidden from the gaming floor. The law has changed and now dictates that no one under 21 years of age can enter the gaming floor.

The Gaming Control Board described the violations that occurred at Mt. Airy: Two 18-year-old males accessed the gaming floor and played slots on July 18; an 18-year-old male played slots on the gaming floor July 29, a 17-year-old male gained access to the gaming floor and played slots on Aug. 19; a 20-year-old female entered the gaming floor, cashed a large bill at the main cashier’s cage and played slots on Sept. 10; and a 20-year-old male played slots and was served alcohol in the bars located within the resort.

Gambling regulators in Pennsylvania are fining Mount Airy Casino Resort a whopping total of $100,000 on the basis of underage gambling charges. Gamblers between the ages of 17 and 20 have caught at the casino 6 times in the last year, four of which were reported by the casino.

Bloomberg Business Week: Pa. casino fined $100,000 over underage gambling

Pennsylvania gambling regulators fined a Poconos resort casino $100,000 for underage gambling. The Pennsylvania Gaming Control Board says gamblers between 17 and 20 years of age were caught playing slots 6 times at Mount Airy last year. In four of those cases the casino didn’t report the violations.

In an agreement with regulators Mount Airy also purchased 8 electronic scanning devices to check gambler driver’s licenses and other ID cards. Mount Airy’s vice president, Matthew Magda, says the casino is working to prevent future incidents and will report them if they occur.

In the last two years regulators have fined Pennsylvania casinos 9 times totaling $332,500 over underage gambling.

Pocono Record: Mount Airy hit with record fine by state

Mount Airy Casino Resort received a record $100,000 fine from the Pennsylvania Gaming Control Board for 5 instances of underage gambling at the casino’s slots. Out of 5 instances, 4 were discovered by resort security yet never reported to the gaming board.

The incidents occurred between July and September 2009 when Pennsylvania’s gaming act made it illegal for anyone under 21 to operate slots and barred individuals under 18 from entering the gaming floor.

Eight identification-scanning devices were also bought by Airy to help prevent underage individuals from accessing the floor in the future. During the past 2 years, the board has levied fines 9 times for violation of underage gambling or minors on the gaming floor totaling $332,500.

The Morning Call: Underage gambling violations at Mount Airy result in $100,000 fine

The Pennsylvania Gaming Control Board approved a $100,000 fine against Mount Airy Resort Casino for underage gambling violations that occurred in the last year. According to a news release from the Gaming Control Board, 6 gamblers between the ages of 17 and 20 were caught playing slot machines at Mount Airy Resort Casino last year.

Under Pennsylvania gaming laws, it’s illegal for those under 21 to use or operate a slot, and those under 18 are forbidden from the gaming floor. The law has changed and now dictates that no one under 21 years of age can enter the gaming floor.

The Gaming Control Board described the violations that occurred at Mt. Airy: Two 18-year-old males accessed the gaming floor and played slots on July 18; an 18-year-old male played slots on the gaming floor July 29, a 17-year-old male gained access to the gaming floor and played slots on Aug. 19; a 20-year-old female entered the gaming floor, cashed a large bill at the main cashier’s cage and played slots on Sept. 10; and a 20-year-old male played slots and was served alcohol in the bars located within the resort.