China Construction America | World Casino News

Baha Mar: Izmirlian sues China-stated owned company for $2.25b

December 28, 2017

Latest Casino and Gambling News, Bahamas, Fines, Lawsuits & Litigation

Sarkis Izmirlian's BML Properties Ltd., the former owner of Baha Mar resort in the Bahamas has sued the Chinese state-owned corporation China Construction America Inc. for $2.25 billion. BML claims that CCA per...

Proposed $3 billion Gold Coast casino complex could be partially owned by Chinese government

Lars Jones

March 23, 2017

Latest Casino and Gambling News, Casino proposals, Australia, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

As reported in a March 13 article, Multi-billion dollar Gold Coast casino resort project under spotlight, proponents of a proposed $3 billion integrated casino resort on the Gold Coast of Australia have confirm...

Multi-billion dollar Gold Coast casino resort project under spotlight

Lars Jones

March 13, 2017

Latest Casino and Gambling News, Australia, Casino News, Casino project updates, Fines, Lawsuits & Litigation

China State Construction Engineering Corporation (CSCEC), a state-owned enterprise of the Chinese government whose subsidiary China Construction America (CCA) has some history of complicated casino resort const...

Export-Import Bank of China affiliate new owner of Baha Mar

Lars Jones

October 23, 2016

Casino Sales, Latest Casino and Gambling News, Casino project updates, Bahamas, Mergers, Acquisitions & Partnerships

The beleaguered $3 billion-plus Baha Mar resort in the Bahamas has emerged from uncertainty by having its assets sold to an affiliate of the project’s primary lender, Export-Import Bank of China. The sale to th...

Key Sarkis ally; CCA back on the job at Baha Mar is like “letting the kids in the cookie jar”

K Morrison

September 5, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas

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Former Baha Mar Board member and key ally of Sarkis Izmirlian, the project’s original developer, Dionisio D’Aguilar, said that the recent decision by the government to complete the stalled $3.5 billion project ...

Baha Mar lays off 2,000 staff as talks continue

Marie Kelley

October 24, 2015

Latest Casino and Gambling News, Casino project updates, Bahamas, Labor Relations

The project of the Baha Mar resort casino is having problems yet again as 2,000 employees have now been laid off. Beginning yesterday, the Supreme Court of the Bahamas approved the provisional liquidators reque...

Baha Mar Resort negotiations begin again

Marie Kelley

October 9, 2015

Latest Casino and Gambling News, Casino project updates, Bahamas, Bankruptcy

The stalled project of the Baha Mar Resort may soon begin again as several groups met yesterday to begin negotiations to complete the construction of the facility. Meeting at the capital, the negotiations inclu...

Contractor returns to Baha Mar Casino Resort project

Marie Kelley

September 30, 2015

Latest Casino and Gambling News, Casino News, New Hotels, Casino project updates, Bahamas, Bankruptcy, Fines, Lawsuits & Litigation

After a prolonged absence, the contractor working on the Baha Mar Resort Casino has returned. The owner of the new facility now has hope that the project will be finished after stalling due to the contractor’s ...

Baha Mar files reorganization plan in Delaware bankruptcy court

K Morrison

August 28, 2015

Latest Casino and Gambling News, Casino News, World Casino News, New Hotels, Casino project updates, Bahamas, Caribbean Casino News, Labor Relations, Bankruptcy, Fines, Lawsuits & Litigation

Baha Mar mega resort developer, Baha Mar Ltd, run by Sarkis Izmirlian, announced yesterday that a Chapter 11 Plan of Reorganization has been filed with the U.S. Bankruptcy Court for the District of Delaware. ...

Bahamian judge refuses to recognize Baha Mar’s U.S. bankruptcy filing: Updated

K Morrison

July 24, 2015

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Bahamas, Caribbean Casino News, Bankruptcy, Fines, Lawsuits & Litigation

On Wednesday a Bahamian judge denied luxury resort, Baha Mar Ltd.’s request for recognition of its U.S. bankruptcy filing at the urging of the island nation’s government. The Supreme Court’s decision this week ...

$3.5 billion Baha Mar Resort may be seized by the Bahamas PM

Renee Kingsley

July 20, 2015

Gaming Law & Legislation, Casino News, Casino openings, Gaming Industry News, Casino project updates, Bahamas, Caribbean Casino News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

When Sarkis Izmirlian proposed to set up a mega resort in the Bahamas, the country opened its doors as the $3.5 billion resort was expected to boost tourism, bring in significant revenue and provide employment ...

Machine repo, reported sabotage and more threaten Baha Mar Casino

Marie Kelley

July 16, 2015

Latest Casino and Gambling News, Casino project updates, Bahamas, Economy/Finance, Bankruptcy

The Baha Mar Casino and Hotel is not doing well, with severe issues threatening the facility. Just this week, Baha Mar was confronted by a gambling supplier seeking to repossess gaming equipment at the facility...

$3.5 billion Baha Mar casino resort in Bahamas delayed again–Now July

Lars Jones

April 23, 2015

Latest Casino and Gambling News, Casino project updates, Bahamas

The much anticipated opening of the first super resort in the Caribbean has suffered another delay. Now the Baha Mar website is not accepting reservations for any of their four luxury hotels until July 1, 2015...