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 the works. Christie stated that he spoke with the buyer last week and the discussions were ‘very positive’ after the offer to Hutchison Whampoa was improved. During the conference, Christie was the keynote speaker and discussed the negotiations, stating the following: “The Hutchison Lucayan properties were placed […]

The post Prime Minister Perry Christie announces improved offer for Grand Lucayan appeared first on World Casino News.

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 dollars in tax concessions from the government. According to a report from The Tribune newspaper, Hong Kong-listed Hutchison Whampoa Limited has yet to start restoration work at the Grand Lucayan Resort complex in Freeport despite the imminent start of the peak winter tourist season. This has allegedly […]

The post Conglomerate criticized for failure to repair hurricane-damaged properties in The Bahamas appeared first on World Casino News.

The government of the Bahamas has revealed that it is in negotiations to hopefully save the majority of jobs at the Treasure Bay Casino on Grand Bahama Island after the property’s new owner announced plans to re-brand the property. According to a report from The Nassau Guardian newspaper, the Treasure Bay Casino, which is part of Freeport’s Grand Lucayan Resort complex, was once run by Isle Of Capri Casinos Incorporated until this operator pulled out in October of 2009. As […]

The post Government negotiating to save jobs at re-branding Treasure Bay Casino appeared first on World Casino News.

HVS Capital Corp. has just announced that the Grand Lucayan Resort complex, which includes the Treasure Bay Casino is to be sold in a Sealed Bid Auction. The assets can be purchased in whole or in part and there is no reserve price, meaning the top dollar bid for any element can become the winning bid. The Grand Lucayan is the third largest resort in The Bahamas and the largest on Grand Bahama Island, covering more than 400 acres. The property is owned by Cheung Kong […]

The post Bahamas Grand Lucayan Resort & Casino to be sold at auction appeared first on World Casino News.