Tag Archives: Bahamas
Bahamas – BMD slams concessions given to sell Baha Mar
BMD Holdings, the original developer of Baha Mar, the casino resort in the Bahamas, wants the government to place a moratorium on the completion of any sale of Baha Mar and reopen the casino investigation case into the venue’s owners Chow Tai Fook. BMD said it had reviewed the Heads of Terms regarding concessions agreed…
Bahamas – Scientific signs huge equipment deal with Baha Mar
Scientific Games has signed new agreements to provide an expansive range of casino systems solutions, table products, games and platforms at Baha Mar Casino in Nassau, The Bahamas for its 100,000 square foot casino, which held its soft opening on April 21, 2017. Alex Pariente, Executive Vice President, Casino Operations and Marketing at Baha Mar,…
Bahamas – Bahamas Prime Minister heralds opening of Baha Mar
Baha Mar, the $4.2bn integrated resort development located along the pristine beaches of New Providence in the Bahamas, has finally opened following a tumultuous process. It opened to words of great positivity from The Bahamas Prime Minister Perry Christie. “For many Bahamians, this is more than a dream come true. It is the unfolding of…
Bahamas – Baha Mar scheduled to open on April 21
Baha Mar, the long delayed project in the Bahamas, will open in two weeks having been granted a gaming license by Tourism Minister Obie Wilchcombe. The licence application was submitted by Chow Tai Fook Enterprises subsidiary Sky Warrior Bahamas, trading as Baha Mar. Mr Wilchcombe said: “As required by the Act, a comprehensive probity investigation…
Bahamas – Wynn improves bid for Grand Lucayan resort
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…
Bahamas – BMD slams government over Baha Mar’s delayed opening
BMD, the original developer of Baha Mar, has slammed the government for its ‘misleading’ and ‘illogical’ approach to opening the stalled casino resorts in the Bahamas. BMD said: “The continued delays for Baha Mar’s completion, missed opening dates, and now supposed staggered opening of the entire Baha Mar into late 2018 only highlight why BMD’s…
Bahamas – Chow Tai Fook takes control of Baha Mar
Chow Tai Fook Enterprises Limited (CTFE), a leading Hong Kong-based global conglomerate with a diversified business portfolio, has signed an agreement to own and operate Baha Mar Resort in the Bahamas. The signed share purchase agreement (SPA) allows for the acquisition by CTFE of all issued capital from Perfect Luck Assets Limited (Perfect Luck), including…
Bahamas – Chow Tai Fook rules out STDM involvement in Baha Mar
Chow Tai Fook has stated that Macau operator Sociedade de Turismo e Diversões de Macau (STDM), would not be involved in the Baha Mar project in any way if its deal to purchase the property goes through. Former Baha Mar Director Dionisio D’Aguilar argued that CFTE was not suitable to invest in Baha Mar as…
Bahamas – Chow Tai Fook enters negotiations to buy Baha Mar from its new owners
Chow Tai Fook Enterprises Limited (CTFE), a Hong Kong-based conglomerate involved in luxury jewellery and hotesl, has entered into negotiations to buy the US$3.5bn Baha Mar casino resort at Nassau’s Cable Beach. CTFE has applied to the Government of The Bahamas for approval as a proposed investor and acquirer of the Baha Mar Resort, by…
