Perry Christie | World Casino News

Chinese firm completes purchase of Baha Mar Casino and Hotel

December 7, 2017

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

In the Bahamas, global property development firm Chow Tai Fook Enterprises Limited has reportedly completed a year-old deal with the Perfect Luck Assets Limited subsidiary of China Export-Import Bank and is now...

Former Baha Mar Casino and Hotel developer calls for sale “moratorium”

Adam Morgan

June 27, 2017

Latest Casino and Gambling News, Casino project updates, Bahamas

In the Bahamas and the recently-opened Baha Mar Casino and Hotel is once again in the news for the wrong reasons after its former developer called on the government of new Prime Minister Hubert Minnis to impose...

Baha Mar Casino And Hotel takes giant step forward

Adam Morgan

March 23, 2017

Latest Casino and Gambling News, Casino project updates, Bahamas

After recently running afoul of import rules concerning its collection of slots, the beleaguered Baha Mar Casino And Hotel in the Bahamas has finally had some good news as yesterday saw it formally handed over ...

Investigation could delay opening of Baha Mar Casino And Hotel

Adam Morgan

March 22, 2017

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

In the Bahamas, the scheduled April 21 opening date of the beleaguered Baha Mar Casino And Hotel has been put in doubt after local customs officials reportedly revealed that they have initiated an investigation...

Prime Minister Perry Christie announces improved offer for Grand Lucayan

Marie Kelley

March 13, 2017

Casino Sales, Latest Casino and Gambling News, Bahamas

During the Grand Bahama Business Outlook conference, Perry Christie, the Prime Minister of the Bahamas, announced that last week the Grand Lucayan resort complex has a preferred buyer, with an improved offer in...

Unemployment higher, initial interest in Baha Mar jobs lower than in 2014

Lars Jones

January 19, 2017

Latest Casino and Gambling News, Casino project updates, Bahamas, Employment & Careers

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Baha Mar began their recruitment drive on Monday to fill 1,500 positions needed for the casino and premiere hotel property's planned Phase I opening on April 21, 2017, under new ownership by Chow Tai Fook Enter...

Baha Mar Casino And Hotel begins hiring in the Bahamas

Adam Morgan

January 17, 2017

Latest Casino and Gambling News, Casino project updates, Bahamas, Employment & Careers

In the Bahamas, the new owner of the under-construction Baha Mar Casino And Hotel has reportedly begun hiring the 1,500 employees it will need in order to open the first phase of the $3.5 billion integrated cas...

Conglomerate criticized for failure to repair hurricane-damaged properties in The Bahamas

Adam Morgan

December 16, 2016

Latest Casino and Gambling News, Bahamas, Economy/Finance, Labor Relations

One of the largest players in the tourism industry of The Bahamas has reportedly been criticized for failing to properly start repairs in the wake of October’s Hurricane Matthew despite receiving millions of do...

Baha Mar Casino Resort confirms phased opening scheduled during the second quarter of 2017

Renee Kingsley

December 6, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas, Employment & Careers, Fines, Lawsuits & Litigation

The troubled Baha Mar Casino Resort in the Bahamas has been surrounded in controversy and has experienced a number of setbacks including a change of ownership brought about due to financial difficulties. The or...

Chow Tai Fook Enterprises tenders offer for Baha Mar

Lars Jones

November 29, 2016

Casino Sales, Latest Casino and Gambling News, New Hotels, Casino project updates, Bahamas

Hong Kong-based Chow Tai Fook Enterprises (CTFE) has delivered an offer to the Bahamian government in a bid to purchase the stalled $3.5 billion Baha Mar Resort there. Reports indicate that the offer includes a...

Opposition want Supreme Court in The Bahamas to disclose Baha Mar Resort deal

Renee Kingsley

September 8, 2016

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

Perry Christie, the Prime Minister of the Bahamas, announced in August that work on the stalled $3.5 billion Baha Mar Casino resort would commence from September 2016 after his government managed to work out a ...

Prime Minister Christie Says EXIM Bank has signed agreement to complete stalled Baha Mar Casino Resort

Renee Kingsley

August 25, 2016

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

Bahamian Prime Minister Perry Christie and his administration had been under tremendous pressure for not being able to complete the stalled $3.5 billion Baha Mar Casino Resort. Christie had continued to promise...

Prime Minister Perry Christie faces pressure as he fails to announce new buyer for failed Baha Mar Casino Resort

Renee Kingsley

August 21, 2016

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

The $3.5 billion Baha Mar Casino resort in the Bahamas was a very important project for the country as it was expected to create thousands of jobs, generate millions in gambling taxes for the government and boo...

Stalled Baha Mar Casino Resort caused the Bahamas to lose over $315 million in revenue

Renee Kingsley

August 16, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino project updates, Bahamas, Employment & Careers, Taxation, Fines, Lawsuits & Litigation

Sarkis Izmirlian and his group of financial investors pumped in $3.5 billion to develop the Baha Mar Casino Resort in the Bahamas and initially expected the casino resort to be opened in December 2014. The mega...

MP calls for official inquiry into The Baha Mar Casino And Hotel

Adam Morgan

July 13, 2016

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

In the Bahamas, a Member Of Parliament (MP) has called on the ruling party of Prime Minister Perry Christie to launch an official inquiry into the status of the delayed The Baha Mar Casino And Hotel. Accordi...