Operators competing for one of three Jamaican casino licences have been told they must pay a fee US$150,000 as a deposit to fund due diligence into the applicant, a third of which is a non-reimbursable.
The Casino Gaming Commission is to give updates on how the money is spent and that it will refund anything left out of the US$100,000 deposit. If the cost of the investigation is more than the deposit, the operator will need to make up the difference.
The successful applicant will have to pay an initial licensing fee of US$250,000 along with US$50,000 per gaming table. It will also then be subject to an annual licensing fee after the first year of US$250,000 plus US$1,000 per table.
Licence will be reviewed every five years by the Casino Commission.
The first tender saw Celebration Jamaica and Harmony Cove pay US$150,000. Celebration Jamaica Limited; and Harmony Cove Limited. Another bidder was disqualified whist one withdrew.
The law stipulates that casinos must be part of an integrated resort including at least 2,000 hotel rooms, all of which must be new builds.