Vietnam-based asset management firm VinaCapital is moving forward with its  $4 billion tourism and leisure project in Vietnam even without Malaysia’s Genting Berhad.

Deal Street Asia reported that VinaCapital is in fact targeting to launch the first phase of its long-stalled casino project in the first quarter of 2019 and has rebranded the plan as HOIANA.

It would be recalled that multi-billion casino project has first been called Nam Hoi An after VinaCapital and Genting forged an alliance to develop the township. However, the Malaysian partner soon exited the project, leaving VinaCapital scoutin for new investors.

Hong Kong diversified group Chow Tai Fook and Macau-based junket operator Suncity Group last year filled the void that Genting left as the Vietnam fund manager diluted its holding in the mixed-use development.