Tag Archives: Bahamas
- Bahamas’ Atlantis to spend $130m to keep up with Baha Mar
July 27, 2017
The Atlantis resort casino on Paradise Island is spending up to $130m over the next couple years to ensure the property keeps pace with the new kid on the Bahamas block. The Atlantis opened its doors nearly 20 years ago and while the resort remains a popular destination, including hosting...
- Baha Mar claims 50% occupancy as lounge chair lawsuit drags on
July 20, 2017
The Baha Mar resort casino in the Bahamas is filling over half its available hotel rooms, three months after the troubled project’s soft opening. On Tuesday, Prime Minister Hubert Minnis and some of his cabinet members toured the $4.2b Baha Mar resort, while Chow Tai Fook Enterprises (CTFE) Bahamas President...
- Baha Mar faces further delays due to undelivered lounge chairs
July 5, 2017
Stop us if you’ve heard this one, but the Baha Mar resort casino in the Bahamas could face further delays in completing its oft-delayed construction. The $4.2b Baha Mar held its soft-opening in April, although it didn’t begin accepting hotel reservations for another month and only one of the property’s...
- Ex-developer threatens legal action to halt Baha Mar sale
June 28, 2017
BMD Holdings Ltd., the former developer of Baha Mar Casino and Hotel, is asking the government of Bahamas to impose a moratorium on the final sale of the casino resort to Hong Kong conglomerate Chow Tai Fook Enterprises (CTFE). In a letter sent to new Prime Minister Hubert Minnis, BMD...
- Bahamas election results could spell more trouble for Baha Mar
May 12, 2017
Voters in the Bahamas have elected a new government that could spell trouble for the $4.2b Baha Mar integrated resort and casino. On Wednesday, Bahamian voters overwhelmingly opted for change, unceremoniously turfing incumbent Prime Minister Perry Christie in favor of Free National Movement (FNM) leader Hubert Minnis, while reducing Christie’s...
- Baha Mar sale includes tax holiday, gov’t marketing spend
May 1, 2017
The government of the Bahamas has finally closed the sale of the $4.2b Baha Mar casino resort, albeit under highly favourable terms for the Hong Kong buyer. Late last year, Chow Tai Fook Enterprises (CTFE) was named as the purchaser of the unfinished Baha Mar resort from the Chinese bankers...
One month to opening, Baha Mar waiting on casino license
March 22, 2017