Micronesian
Casino Deal Signed
As reported by the Saipan Tribune:
"Tinian moved a step closer to becoming
Micronesia's Las Vegas, with two companies now
in the process of establishing hotel casinos
on the island.
"Representatives
of the Marianas Resort Development Co. Inc.
and the Department of Public Lands signed a
memorandum of understanding yesterday in relation
to a new $170-million casino and golf course
project on Tinian.
"MRDC
comes in addition to Tinian Dynasty Hotel and
Casino, which has been operating since 1998,
and Bridge Investment Group, which also looks
to invest about $150 million in a new hotel
casino.
"…Phase
I of the project will be completed after an
initial investment of more than $170 million.
It will involve the construction of a 300-room
hotel casino, with 100 full suites and 200 junior
suites, four full-service restaurants, a spa,
wedding chapel, shopping arcade, and a convention
facility that will accommodate 600 people…"
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