Bahamas | World Casino News

Canadian property firm hired to find buyer for Baha Mar Resort: Updated

March 26, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas

The Baha Mar resort seemingly has had trouble from the very start and while it remains unfinished, the property is now up for sale. The $3.5b project is currently being handled by Deloitte & Touche, who has...

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Lars Jones

March 15, 2016

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

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 ther...

Money Laundering Probe by U.S. tied to gaming/Western Union says

Kim M

February 22, 2016

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Bahamas, Money Laundering, Costa Rica, Panama, Dominican Republic, Peru, Haiti, Fines, Lawsuits & Litigation, Philippines

A probe by the U.S. tied to possible money laundering is reviewing whether the Western Union Co. was aware of gaming transactions involving other nations, and if the firm had sufficient safeguards against such ...

Several parties interested in taking over 97% completed Baha Mar

Alex Lanter

January 29, 2016

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

1

Joy Jibrilu, Bahamas Tourism’s leading person, revealed that so far there were several interested parties in taking over the infamous Caribbean casino project Baha Mar. According to the statement, the governmen...

Resorts World closes Bimini Superfast Casino, enhances air service to Bahamas

Lars Jones

January 14, 2016

Latest Casino and Gambling News, Casino closures, Bahamas, Florida

In what is being billed as an "improved transportation initiative" that promises to deliver "Bimini Bliss", Resorts World Bimini (RWB) has announced that their casino cruise out of Florida stopped operations a...

China’s anti-corruption crackdown will impact the progress of the controversial Baha Mar Resort

Renee Kingsley

January 7, 2016

Casino proposals, Casino News, Casino openings, China, Casino project updates, Bahamas, Caribbean Casino News, Money Laundering, Asian Casino News, Fines, Lawsuits & Litigation

The proposal to build the Baha Mar resort in the Bahamas was initially submitted in 2002 and over a decade has passed since then but the resort is yet to be completed and continues to be surrounded in controver...

PokerStars Caribbean Adventure begins today at Atlantis Paradise

Sadonna Price

January 7, 2016

Latest Casino and Gambling News, Poker Tournaments, Bahamas

The 2016 PokerStars Caribbean Adventure began yesterday in Nassau, Bahamas, with the Atlantis Resort Casino at Paradise Island hosting throughout a nine day time frame, with 104 tournaments on the books. This w...

China EXIM Bank announces preliminary plan for bankrupt Baha Mar Resort

Sadonna Price

December 20, 2015

Latest Casino and Gambling News, Casino project updates, Bahamas

It has been months since the Export-Import Bank of China has announced any news on the Baha Mar Resort, and now the financial institution has come forward, announcing an introductory plan for the future of the ...

Bermuda’s casino industry could increase tourism and overall revenue

Renee Kingsley

December 11, 2015

Casino proposals, Casino openings, Bahamas, Bermuda, Caribbean Casino News

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Bermuda is a small and beautiful Island located just off the east coast of the United States and is a part of the British Overseas Territory. The island that depends heavily on its tourism industry has had to b...

Cape Air partners with Resorts World to launch new service to Bimini

Lars Jones

December 9, 2015

Latest Casino and Gambling News, Casino News, Casino Cruise Ships, Bahamas, Florida, Mergers, Acquisitions & Partnerships

Regularly scheduled commercial seaplane service between Florida and North Bimini has not been available since 2005. That is scheduled to change beginning on December 21, 2015 thanks to a new partnership between...

Chinese company takes first position on Baha Mar with $50m finance deal

Lars Jones

December 7, 2015

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

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China Harbour Engineering Company (CHEC) has financed the bank-appointed receivers of Baha Mar Resort, Deloitte & Touche, with $50 million as a preferred lender, moving to the top of the queue to be repaid,...

Resorts World Bimini to include $450m in investments

Sadonna Price

November 30, 2015

Latest Casino and Gambling News, Casino expansion projects, Bahamas

The Genting group has announced they plan on investing $450m more on the Resorts World Bimini, a project of the company located in the Bahamas. Genting will be adding another hotel to the property that will inc...

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

Lars Jones

November 14, 2015

Casino News, Latest Casino and Gambling 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...

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Canadian property firm hired to find buyer for Baha Mar Resort: Updated

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Money Laundering Probe by U.S. tied to gaming/Western Union says

Several parties interested in taking over 97% completed Baha Mar

Resorts World closes Bimini Superfast Casino, enhances air service to Bahamas

China’s anti-corruption crackdown will impact the progress of the controversial Baha Mar Resort

PokerStars Caribbean Adventure begins today at Atlantis Paradise

China EXIM Bank announces preliminary plan for bankrupt Baha Mar Resort

Bermuda’s casino industry could increase tourism and overall revenue

Cape Air partners with Resorts World to launch new service to Bimini

Chinese company takes first position on Baha Mar with $50m finance deal

Resorts World Bimini to include $450m in investments

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

Chinese government bank forecloses on Baha Mar in Bahamas

Baha Mar lays off 2,000 staff as talks continue

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