Best Sunshine’s Saipan plans spark wave of China investment interest

    Published in: Latest IntelligenceThe Commonwealth of the Northern Marianas and in particular tiny Tinian are seeing a flood of investor interest from China, triggered in part by Hong Kong-backed Best Sunshine International’s plans for a $7.1 billion resort on Saipan.The islands’ relative proximity to China, natural beauty and U.S. regulatory environment are all seen as draws for investors, Maggie Ralbovsky, managing director with investment consultant Wilshire Associates says.“Whether the trend continues in the next five years will depend on the experience of the first group of investors,” she adds.The government earlier this year awarded a license to Best Sunshine to develop an integrated resort on Saipan, while other groups are actively eyeing casino projects on Tinian. Bridge Investment Group is planning to build a $130 million, 300-room casino hotel by the Tinian harbor and Mega Stars Overseas is planning to develop an integrated resort on Puntan Kastiyu — another...

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