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Closed casinos owed 51 mil. in taxes at end of 2013/2014
The government was owed more than $51 million in outstanding taxes from closed casinos and $10.8 million from casinos that were in operation at the end of the 2013/2014 fiscal year, according to the report of the auditor general.
Multimillion-dollar Grand Bahama airport upgrades underway
Hutchison Whampoa is undertaking millions of dollars in upgrades to the Grand Bahama International Airport to accommodate hundreds of additional travelers who are expected to descend on the facility when Canadian travel conglomerate Sunwing launches its direct flights to the island early next year...
Bahamians being considered to operate Our Lucayan casino
The government will reveal the new operator for Grand Lucayan's casino in mid-June, according to Minister of Tourism Obie Wilchcombe, who confirmed that Bahamians are among those being considered.
"We have some documents that we are going to look at today (Tuesday). We have to move quickly on it," Wilchcombe said.
"We know the people who have applied. We're just doing our due diligence and then, ...
Strong interest by investors in Grand Lucayan casino
Strong interest by investors in Grand Lucayan casino
Grand Lucayan's new casino operator is expected to be unveiled soon, according to a senior government official.
Minister of Tourism Obie Wilchcombe told Guardian Business yesterday that at least five companies have applied to take over casino operations at the Grand Lucayan resort on Grand Bahama. However, he revealed that number has been narrowed down to three.
In February, the government negoti...
Rollins Hits Out on Casino Spend
Rollins Hits Out on Casino Spend
Gaming Board Chairman Dr. Andre Rollins said he does not think Bahamians should have to fund and develop the local casino industry while it is off limits to them. Rollins revealed in the House of Assembly on Thursday night that $17.5 million in taxpayer money was spent...
Govt Secures GB Casino Extension
Govt Secures GB Casino Extension
The government has negotiated an extension with Treasure Bay to continue its operation of a casino at the Grand Lucayan.
While the exact terms of the deal are unknown, the agreement buys the Ministry of Tourism time until the end of April to find a replacement casino partner.
PM In Talks With Dominicans
PM In Talks With Dominicans
Freeport, Grand Bahama - Two senior Cabinet ministers are traveling to the Dominican Republic on special order of the prime minister to firm up major direct foreign investment in Grand Bahama. At an international forum boasting 27 countries including China, the United States, Canada and Russia, the Dominican Republic was most on the lips of politicians and investors.
GB casino Partner Prepares Pull Out
GB casino Partner Prepares Pull Out
Employees at the casino at Our Lucaya Resort in Freeport were notified yesterday by the casino partner, Treasure Bay, that it will formally pull out in 30 days, Minister of Tourism Obie Wilchcombe confirmed last night.
Treasure Bay has operated the casino since 2009 when it took over from Isle of Capri.
History Is On South Florida's Side
History Is On South Florida's Side
Bullish on South Florida Miami continues to attract international visitors and investors. It is due to this appeal that investors and private equity shops have taken notice.
Family of murder victim yet o come to erms with death
The family of a mother-of-two who was found dead in an apartment on Charles Vincent Street on Friday said they have yet to come to terms with her "terrifying" death and want to know why she was killed.
Police found the body of Kidlie St. Brave, 23, at the home around 7.30 p.m. on Friday. They were led to the body by a man who entered a police station and told officers about her death. Inspector ...