Falcone-Backed Vietnam Casino Developer Is Sued by CEO
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Asian Coast Development (Canada) Ltd., a company backed by Philip Falcone’s Harbinger Capital Partners LLC that’s building the first Las Vegas-style casino in Vietnam, was sued by its chief executive officer for breach of contract.
Lloyd Nathan, a former president of MGM Mirage Global Gaming Development, was hired in April 2010 by Vancouver-based Asian Coast, which has a 50-year license to build a $4.2 billion casino and resort 130 kilometers (80 miles) from Ho Chi Minh City.