Government officials and other dignitaries will join Marianas Resort Development Co. Inc. in a ceremonial groundbreaking today for a new casino project on Tinian.<\/p>\n
MRDC will break ground for the $170-million hotel casino and golf course development project.<\/p>\n
Gov. Benigno R. Fitial and MRDC chairman and chief executive officer Kang Yun Lee will lead the ceremony to be held at 11am at the Matua Bay Resort pavilion on Tinian.<\/p>\n
MRDC is one of the three investors that have recently expressed commitment to develop a casino on Tinian. The two others are Bridge Investment Group and Cordish Company, which look to invest about $150 million and $200 million into their respective casino projects.<\/p>\n
Last month, MRDC signed a memorandum of understanding with the Department of Public in relation to the company\u2019s investment.<\/p>\n
MRDC had previously submitted a development proposal to the defunct Marianas Public Lands Authority, but it was not acted on. MRDC later resubmitted its proposal to DPL, the successor of MPLA.<\/p>\n
Phase I of MRDC\u2019s project will be completed after an initial investment of more than $170 million. It will involve 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 initial phase, expected to take 16-24 months, will also culminate in a completion of an 18-hole championship golf course, the first on the island of Tinian.<\/p>\n
Phase II of the project will involve the construction of luxury bungalows and additional rooms at the hotel casino.<\/p>\n","protected":false},"excerpt":{"rendered":"
Government officials and other dignitaries will join Marianas Resort Development Co. Inc. in a ceremonial groundbreaking today for a new casino project on Tinian.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99446","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/99446","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=99446"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/99446\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=99446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=99446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=99446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}