Coming Soon: A New Racetrack In Ho Chi Minh City

A new racetrack could be coming soon to Vietnam. A report from The Business Times in Singapore indicates property developer Amplefield has signed an agreement to build a racino in Ho Chi Minh City.

Amplefield will own 60 percent of the joint venture, with Equine Sanctuary, a Malaysian-based provider of veterinary care and animal products owning 40 percent. The agreement calls for a two-part campus on 300 hectares of land in the township known as Sing Viet City. One portion will be residential and contain 16,000 units, while the other will feature the track, casino, and golf facilities.

The site may also include educational and medical facilities to support the campus.

Thoroughbred racing first came to Vietnam in 2005, with 40 Thoroughbreds being imported from Australia to run. Handle has grown over the past few years in Vietnam, which has been the site of races by locally-bred ponies since the 1890s. The country has one existing race course according to the Asian Racing Federation — the Saigon Racing Club which was renovated in 2005.

Read more at The Business Times

The post Coming Soon: A New Racetrack In Ho Chi Minh City appeared first on Horse Racing News | Paulick Report.

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