Tag Archives: sarkis izmirlian

Izmirlian files $2.25b fraud suit v. Baha Mar’s Chinese contractor
December 27, 2017
Sarkis Izmirlian, the deposed original developer of the $4.2b Baha Mar integrated resort in the Bahamas, files $2.25b fraud lawsuit v. Chinese contractor.
Ex-developer threatens legal action to halt Baha Mar sale
June 28, 2017
BMD Holdings Ltd. is asking the government of Bahamas to impose a moratorium on the final sale of the casino resort to Chow Tai Fook Enterprises (CTFE).
Baha Mar’s original developer calls project’s Chinese bankers liars
October 27, 2016
Baha Mar's original developer Sarkis Izmirlian asks China's EXIM Bank to sell him back the project while simultaneously calling them liars.
Baha Mar buyer turns out to be holding company owned by main creditor
October 24, 2016
The buyer of the Baha Mar resort in the Bahamas turns out to be special purpose vehicle of the project's main creditor, China's EXIM bank.
Chinese bank forecloses on Baha Mar, pushing Sarkis Izmirlian to the sidelines
November 3, 2015
Export-Import Bank of China convinces court to appoint receiver for $3.5b Baha Mar project, leaving developer Sarkis Izmirlian on sidelines.
Baha Mar may not open for another year; Izmirlian told to “do what is necessary”
October 28, 2015
Liquidation of the troubled $3.5b Baha Mar resort casino project in the Bahamas pushed back three weeks in order to keep parties talking.