The Fitial administration signed last week a memorandum of agreement with Baltimore-based Cordish Company for a $200-million casino and golf course project on Tinian.<\/p>\n
Gov. Benigno R. Fitial said the agreement was signed Tuesday.<\/p>\n
Cordish Company is the second casino MOA signed by the administration.<\/p>\n
It earlier signed an agreement with Marianas Resort Development Co. Inc., which plans to build a $170-million casino and golf course project on Tinian.<\/p>\n
Fitial said Friday that MRDC will break ground on Tuesday.<\/p>\n
Under the casino law, Tinian can issue up to five casino licenses.<\/p>\n
Right now, only one operator has the license, Tinian Dynasty Hotel & Casino, which began its operations in 1998.<\/p>\n
The Fitial administration said all five slots are essentially taken now.<\/p>\n
Aside from MRDC and Cordish Company, the administration said it has found another company that could take the final casino license being granted by the Tinian Casino and Gaming Commission.<\/p>\n
Last year, Bridge Investment Group, received a conditional license to set up its proposed $150-million to $200-million hotel casino.<\/p>\n
The project includes the construction of a 300-room hotel casino, with 100 full suites and 200 junior suites, four full-service restaurants, a spa, wedding chapel, shopping arcade, and a convention facility that will accommodate 600 people.<\/p>\n
The project also includes the construction of an 18-hole championship golf course, the first on the island of Tinian.<\/p>\n
Construction of luxury bungalows and additional rooms at the hotel casino are also planned as expansion projects. <\/p>\n
Meantime, TDHC remains confident that it can compete with the new investors.<\/p>\n
It said that it would also benefit from new investments as these enhance the island as a tourist destination.<\/p>\n","protected":false},"excerpt":{"rendered":"
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