Supplier News
Fiji – Fiji pulls the plug on One Hundred Sands’ project
By Phil - 18 February 2015
Casino developer One hundred Sands has been stripped of its licence by the Fiji government having failed to open its casino project three years after the proposed opening date.
One Hundred Sands was given a 15 year exclusive casino license for the construction of a $290m casino and resort in Denarau Nadi in December 2011. The construction of the 20,000 slot, 5,000 table casino was due to start in 2012.
One Hundred Sands was granted two licences, one in Denarau island in Nadi and one in Suva. It broke ground on the project in April 2012 but then ran into problems on securing the land with delays then following.
One Hundred Sands has racked up fines of US$1.1m and is now likely to be sued by its partner Native American Snoqualmie Tribe which ploughed US$1.5m into the failed project.
