10 Aug 2016

Saipan casino continues to rake in dollars

2:46 pm on 10 August 2016

Saipan's Best Sunshine Live Casino could contribute as much as US$21-million to the tax coffers of the Northern Marianas from its business so far this year.

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Photo: Copyright: stokkete / 123RF Stock Photo

The casino has announced a rolling chip volume of US$15-billion for the past seven months.

The figure does not indicate revenue but money that has been converted into casino chips for this period.

Applying an industry standard formula, the casino's revenue could equate to US$420-million of which the five-percent tax dividend would be deducted.

The casino is a temporary one which opened late last year with 48 gaming tables.

Its replacement, the Grand Mariana Casino and Hotel Resort, is due to open next year with 200 gaming tables, 400 slot machines and 350 hotel rooms.

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