Bahamas

December 30, 2016

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

American financial services firm Standard And Poor's Financial Services has downgraded the debt rating of the Bahamas while stating that the expected phased opening of The Baha Mar Casino And Hotel development ...

Lucayan Beach re-opens after Hurricane Matthew clean-up

December 19, 2016

Latest Casino and Gambling News, Bahamas

After suffering significant damage from Hurricane Matthew in October, the area around Lucayan Beach in The Bahamas has been re-opened with all vendors again welcoming tourists and locals. According to a repo...

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

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...

Chow Tai Fook Enterprises signs share agreement to purchase Baha Mar deal

December 12, 2016

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

Hong Kong-based global conglomerate, Chow Tai Fook Enterprises Limited (CTFE), announced today that they have signed an agreement to own and operate Baha Mar Resort on New Providence island in the Caribbean cou...

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

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...

Government negotiating to save jobs at re-branding Treasure Bay Casino

November 30, 2016

Latest Casino and Gambling News, Bahamas, Labor Relations

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 r...

Chow Tai Fook Enterprises tenders offer for Baha Mar

November 29, 2016

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

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...

Bahama Tourism ministry confirm that things are returning to normal on Grand Bahama Island

November 16, 2016

Latest Casino and Gambling News, Bahamas

The Grand Bahama Island was devastated by Hurricane Matthew in October which caused immense damage to hotels, resorts and property on the largest of some 700 islands on the Lucayan Archipelago, which forced mos...

Chow Tai Fook says Stanley Ho to have no part in Baha Mar

November 1, 2016

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

Local media is reporting that Baha Mar suitor, Chow Tai Fook Enterprises (CFTE) has told them that Macau gambling king, Stanly Ho will have no part in their Bahamian operations if the conglomerate's bid to acqu...

Grand Bahama Hotel and Casino industry slowly recovering after Hurricane Matthew

November 1, 2016

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

The Bahamas was rocked in early October when Hurricane Matthew, rated as a category 4 hurricane left a trail of devastation that included loss of lives, destruction of property, and resulted in the closure of a...

Chow Tai Fook Enterprise set to acquire Baha Mar

October 28, 2016

Casino Sales, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships

After Chinese Export Import Bank (EXIM) in effect purchased Baha Mar from themselves using a Special Purpose Vehicle (SPV) named Perfect Luck Holdings Limited, it was announced Thursday that Chow Tai Fook Enter...

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

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...

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open Baha Mar soonest

October 12, 2016

Latest Casino and Gambling News, Casino proposals, Casino project updates, Bahamas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

BMD Holdings Ltd., the former developer of $3.5 billion Baha Mar notified the Export Import Bank of China today that the company, headed up by Sarkis Izmirlian, is prepared to make an offer that is superior in ...

Bahamas Supreme Court places seven Baha Mar companies into full liquidation