3 Jun 2014

American investors in Fiji casino file lawsuit

12:08 pm on 3 June 2014

Reports from Fiji say American investors in Fiji's first ever casino project have filed a law suit against the developer.

One Hundred Sands was granted a casino licence by the regime in December 2011 and construction on Denarau Island near Nadi, was expected to start in 2012.

The developer Larry Claunch says a change in location and challenges in securing funding set the $155 million US dollar project back.

Following the delays, the Native American tribe Snoqualmie Tribe pulled out of the deal after investing 1.5 million US dollars.

FBC News reports the tribe has now filed a lawsuit seeking to recover its investment.

The lawsuit names Larry Claunch and three of his business entities associated with the Fiji project as defendants.

One Hundreds Sands has a 15 year exclusive license to operate a casino in Fiji.