Bahamas | World Casino News

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

November 14, 2015

Latest Casino and Gambling News, Casino News, China, New Hotels, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

The $3.5 billion Baha Mar Resort in the Bahamas was so close to opening in March that people were booking rooms. However disputes between the developer, contractor, and financier resulted in a construction slow...

Chinese government bank forecloses on Baha Mar in Bahamas

Sadonna Price

November 4, 2015

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

Close to six weeks after bankruptcy protection from the United States was thrown out for the Baha Mar Resort the the Bahamas, their Chinese lender has now decided to foreclose on the Bahamas property. The Expor...

Baha Mar lays off 2,000 staff as talks continue

Sadonna Price

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

Sadonna Price

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

Sadonna Price

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 ...

U.S. judge won’t hear Baha Mar bankruptcy

Lars Jones

September 18, 2015

Bahamas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

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Tuesday, a U.S. bankruptcy court in Delaware ruled that most of the multi-billion dollar Baha Mar chapter 11 bankruptcy filing before it would not be heard in a U.S. court and dismissed all but one entity's abi...

Baha Mar provisional liquidators appointed

Lars Jones

September 11, 2015

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

Last week the Bahamian Supreme Court appointed KRyS Global, Bahamas and AlixPartners Services UK advisors as Joint Provisional Liquidators over Baha Mar Ltd, Baha Mar Land Holdings Ltd, Baha Mar Properties Ltd,...

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

Sadonna Price

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...

Bahamas wants Baha Mar bankruptcy handled at home

Sam Mitchell

July 3, 2015

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

On July 2nd 2015 it was reported that the Bahamas attorney general showed frustration over a decision that would allow Baha Mar Resort bankruptcy protection in a US court. The project in question is a $2.5 bil...

Baha Mar files for bankruptcy protection after continual construction delays

Sadonna Price

June 30, 2015

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

The development company behind a new Bahamas resort complex with a price tag of $3.5 billion has now filed for bankruptcy protection. Baha Mar Ltd filed on Monday, stating a Chinese contractor was the reason be...

Baha Mar focused on completing project; No opening date announced

Lars Jones

June 14, 2015

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

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The $3.5 billion Baha Mar Caribbean resort and casino in Nassau, Bahamas was originally set to open in December 2014, and has missed various projections including a March 27 soft opening. Conflicts, including a...

$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...