Bahamas | World Casino News

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

Lars Jones

October 23, 2016

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

Lars Jones

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

Renee Kingsley

October 5, 2016

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

The $3.5 billion Baha Mar casino resort in the Bahamas has been surrounded in controversy for the last couple of years as the project came to a halt after developer Sarkis Izmirlian faced financial troubles due...

Potential buyer of Baha Mar meets requirements set by government

Sadonna Price

September 29, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas

Yesterday it was announced by Prime Minister Perry Christie that the potential buyer of the as yet unopened Baha Mar has met the requirements set by the government. Known only as a huge enterprise, the individu...

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 ...

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

Kim M

September 5, 2016

Latest Casino and Gambling News, Bahamas, Casino project updates

2

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 ...

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...

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Renee Kingsley

July 31, 2016

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

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The Baha Mar Casino and Hotel was the biggest integrated casino resort to be developed in Nassau, Bahamas at an estimated $3.5 billion. The casino resort was initially scheduled to open in 2014 and generate tho...

Scientific Games reprising Shuffle Master Classic poker event

Adam Morgan

July 27, 2016

U.S.A., Latest Casino and Gambling News, Canada, Bahamas, The Players Lounge, Puerto Rico

Gaming products and services provider Scientific Games has announced that it will be holding the second annual installment of its Shuffle Master Classic poker event complete with a $250,000 prize pool to be sha...

Winning bid for Grand Bahama’s flagship resort property to be announced soon

Lars Jones

July 19, 2016

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

The Grand Lucayan Resort in Freeport, on Grand Bahama Island has been "on the market" for several months, since HVS Capital Corp. announced in March this year that the property would be sold in whole or in part...

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...

Prime Minister agrees plan to salvage The Baha Mar Casino And Hotel

Adam Morgan

June 30, 2016

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

The Prime Minister of the Bahamas, Perry Christie, has announced that his government has entered into a “framework agreement” to complete construction on The Baha Mar Casino And Hotel “as expeditiously as possi...

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Chow Tai Fook Enterprise set to acquire Baha Mar

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

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

Bahamas Supreme Court places seven Baha Mar companies into full liquidation

Potential buyer of Baha Mar meets requirements set by government

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

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

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

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

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

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Scientific Games reprising Shuffle Master Classic poker event

Winning bid for Grand Bahama’s flagship resort property to be announced soon

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

Prime Minister agrees plan to salvage The Baha Mar Casino And Hotel

Visualize Group Acquires BMM Testlabs, Focusing on Global Gaming Growth

Paradise Entertainment Expands Production in Macau Amid Global Challenges

Shoshone-Paiute Tribe Partners with Coeur d’Alene Tribe to Launch Casino Project

Elaine Wynn, a Pioneer in the Las Vegas Casino Industry, Dies at 82

Brazil’s Gambling Legalization Bill Awaits Senate Vote Amid Ongoing Debate