Search results for : Deloitte
Hopes for Baha Mar owner by fall
May 06, 2016
Hopes for Baha Mar owner by fall
Baha Mar's receivers yesterday expressed optimism that a new owner for the $3.5 billion project will be chosen before this fall.
Central Bank strikes cautious tone
May 04, 2016
Central Bank strikes cautious tone
The Central Bank of The Bahamas (CBOB) has once again moderated its tone with respect to its outlook for the Bahamian economy.
Izmirlian: Receiver's CCA comments 'astounding'
May 02, 2016
Izmirlian: Receiver's CCA comments 'astounding'
Granite Ventures Ltd. has questioned whether the "refusal" by the Export-Import Bank of China (CEXIM) to negotiate with the Baha Mar developers is in effect a way to circle the wagons, so to speak, around the other Chinese state-owned partners in the bankrupt megaresort, China State Construction Engineering Corporation (CSCEC) and its subsidiary and Baha Mar's general contractor, China Constructio...
April 27, 2016
Izmirlian bid welcome, CCA considering bid for Baha Mar
While he would not say what the Export-Import Bank of China's (CEXIM Bank) final criteria will be for accepting a bid to purchase the bankrupt and shuttered $3.5 billion Baha Mar development, receiver-manager Raymond Winder of Deloitte and Touche said anyone who can offer what Sarkis Izmirlian has offered would likely find themselves in a very favorable spot in the final analysis.
Receivers accused of snubbing Baha Mar letters
April 18, 2016
Receivers accused of snubbing Baha Mar letters
A FORMER Baha Mar executive has suggested that the resort's court-appointed receivers have failed to provide substantial responses to its letters and requests.
April 17, 2016
Baha Mar developer: Resort sale process 'opaque at best'
BMD Holdings (BMD), the developer of the stalled $3.5 billion Baha Mar resort, has accused the receiver-managers appointed by the Export-Import Bank of China (CEXIM) of keeping the process for selling the bankrupt Cable Beach development "opaque at best" and "concealing" information about the process.
April 15, 2016
Hundreds of slot machines repossessed from Baha Mar Casino
A Nevada gaming company has moved to repossess hundreds of slot machines from the Baha Mar Casino.
Receiver-managers: No more one-on-one negotiations
April 15, 2016
Receiver-managers: No more one-on-one negotiations
Sarkis Izmirlian has a strong connection to the Baha Mar resort; the moldering $3.5 billion project was his idea, and he reportedly pumped close to $900 million into it. But that will not give him an advantage over any other investor who bids to buy the bankrupt project.
FOCOL boasts 9M increase in income in 2015
April 13, 2016
FOCOL boasts 9M increase in income in 2015
Freeport Oil Company Limited (FOCOL), the sole licensed Shell distributor for the Commonwealth of The Bahamas, hosted its annual general meeting (AGM) for the fiscal year 2015 at the British Colonial Hilton.
PM meets with Chinese bankers over Baha Mar
April 11, 2016
PM meets with Chinese bankers over Baha Mar
THE shuttered $3.5bn mega resort on Cable Beach continues to be a major challenge as the government pushes for greater urgency from its Chinese financiers the EXIM Bank, Prime Minister Perry Christie said yesterday.
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