Saipan casino may sound death knell for Tinian resort

    Published in: Latest IntelligenceSaipan’s decision to legalize casinos on the island comes amid a surge in interest in gaming in the Northern Marianas and elsewhere in the Pacific, but may come at the expense of an existing resort on neighbouring Tinian, experts say.A lot of the interest is coming from Macau junket operators eager to secure an alternative gaming destination to the world’s biggest gambling hub, said Ben Lee, managing partner at IGamiX Management & Consulting Ltd.Two big groups with ties to the Macau gaming industry have applied for a Saipan license — Best Sunshine International Ltd., a subsidiary of Hong Kong-listed First Natural Foods Holdings Ltd. and Mega Stars Overseas Ltd. Both paid a $1 million application fee by the March deadline.Mega Stars Overseas Ltd. is the owner of the Tinian Dynasty Hotel & Casino, the only casino currently operating in the Northern Marianas.Whoever gets approved will...

    Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.