Bahamas – Wynn improves bid for Grand Lucayan resortBy Phil - 15 March 2017
Wynn is believed to be the ‘preferred bidder’ for the Grand Lucayan resort complex in The Bahamas although that is not Wynn of Las Vegas fame but Wynn Group of Canada.
The Canadian-based real estate developer is believed to have made an improved bid for the $110m valued resort, which includes a 23,375 square feet casino with 25 gaming tables and 195 slot machines in a partnership with Hard Rock who would operate the casino and memories who would run the hotel elements.
Bahamas Prime Minister Perry Christie said talks had been ‘very positive.’
“We are now in ongoing discussions with Hutchison and Sunwing, the previous operator of Memories, on the renovations and reopening of Memories, while simultaneously dealing with a buyer for the purchase of the entire Lucaya resort complex and potential operators for the hotels and casino,” he said.
He added that the prospective purchaser was ‘planning to involve four well-known brands in the operation of the hotels and casino.’