26 Jan 2006

Four overseas casino operators keen on Tinian in the Northern Marianas

8:07 pm on 26 January 2006

The Tinian Gaming Control Commission in the Northern Marianas says four firms, two from the US and two from Asia, have expressed an interest in opening casinos on Tinian.

TGCC Executive Director Esther Barr says told the Marianas Variety she does not know where in Asia the two applications are from because the applications were picked up on Tinian by their representatives.

Ms Barr says another investor called Bridge Investments Group is working on their casino project.

She says Bridge is based in Chicago but also has other business interests in different parts of the US.

The firm is willing to invest in as much as 100 million US dollars to build its 300-room hotel and casino on Tinian.

This is expected to generate as much as 400-thousand dollars in monthly tax payments.

Ms Barr says that would help Tinnian fund more scholarships, health programs, medical assistance programs.

The island's only casino, the 412-room Tinian Dynasty Hotel & Casino, opened in 1998, and cost its Hong Kong investors more than 150 million dollars, however it has yet to draw the number of tourists it projected.