Genting increases investment in Resorts World Bimini to $600 million

The Resorts World Bimini project in the Bahamas is set to receive a further US$450 million from Kuala-Lumpur-based Genting.

The investment will add another hotel with a minimum of 200 rooms to the project, as well as infrastructure additions including the lengthening of the Bimini airport runway, upgrades to the terminals and flight facilities, a water taxi terminal, a landing port for amphibious vehicles and a heliport at the resort.

Prime Minister Perry Christie said over 160 jobs will be created from this move. “The Resorts World entities and BB Entertainment (Limited) have revised their business plan from an investment of $150m in the resort project to now $600m,” Christie said. “Some of the main components comprised the following; firstly, a new luxury Hilton branded 300 room hotel now nearing completion. Some 200 rooms have been activated and works to do with completion of the lobby and an additional 100 rooms and connections with the casino are soon to be completed.”

“The Government and the developers have also agreed to undertake the resurfacing of additional roads in Bimini and to increase infrastructural expenditure from $10m to $15m with the developer making the initial capital outlay to be repaid in deductions from casino fees.” Mr. Christie said.