Gov. Eloy S. Inos said yesterday he looks forward to the resolution of issues surrounding Tinian Dynasty Hotel & Casino\u2019s ownership application, and hopes that Mega Stars Overseas Ltd. will comply with the Tinian Casino Gaming Control Commission\u2019s requirements as set by law and regulations.<\/p>\n
He hopes that either the application issues will be resolved or \u201cmaybe they will have to figure out another organizational structure.\u201d<\/p>\n
Mega Stars Overseas Ltd. is part-owner of Marianas Stars Entertainment Inc., which is one of the two investor groups applying for a license to exclusively develop a minimum $2-billion integrated casino resort on Saipan.<\/p>\n
The Dynasty ownership application process, according to Inos, should not be a factor in the Saipan casino license application.<\/p>\n
\u201cThey stand on their own. I think the management decision to continue to pursue the Tinian [Dynasty] plan with this window of opportunity [on] Saipan could be detrimental to the Tinian plan. It\u2019s just my own personal opinion. If it\u2019s just plan rejection, I can\u2019t believe that. If there\u2019s deficiency in the application, then I think it makes good sense to ask them to come in and fulfill the requirements,\u201d Inos said in an interview at yesterday\u2019s Memorial Day ceremony in Marpi.<\/p>\n
By a 4-0 vote, the Tinian casino commission \u201creturned\u201d Mega Stars\u2019 application for a license to own and operate Tinian Dynasty, citing the investor\u2019s failure to execute the proper forms.<\/p>\n
Inos said he wasn\u2019t aware of the Tinian commission\u2019s decision until the media brought it up.<\/p>\n
The commission\u2019s executive director, Lucia L. Blanco-Maratita, said the commission returned the application \u201cto ensure compliance with the Act and regulations, protect the interest of the people of Tinian, and to abide by the duties and responsibilities mandated by the Act.\u201d<\/p>\n
Mega Stars chief executive officer Cario Hon said they are \u201cdismayed and quite surprised\u201d but nevertheless vowed to work with the commission. They have five business days to resubmit their application to the commission. <\/p>\n
He said Mega Stars has already spent more than $40 million so far \u201cto save the Dynasty from going under.\u201d<\/p>\n
The Tinian casino commission also directed its executive director to look into whether the current licensee\u2014Hong Kong Entertainment Overseas Ltd.\u2014should have its casino license \u201csuspended or revoked for failure to comply with the Act and regulations in connection with a transfer of any interest in the casino without the approval and consent of the commission.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
Gov. Eloy S. Inos said yesterday he looks forward to the resolution of issues surrounding…<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900,4],"tags":[256,902,67,380],"class_list":["post-36946","post","type-post","status-publish","format-standard","hentry","category-featured","category-local-news","tag-casino","tag-memorial-day","tag-people","tag-tinian-dynasty"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/36946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=36946"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/36946\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=36946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=36946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=36946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}