Best Sunshine International

02/09/2016
By Pamela PattersonGoogle
‘Deemed to Have Finances Required For Casino Complex’


The Executive Director of the Commonwealth Casino Commission, Edward Deleon Guerrero, has revealed that $500 million is what will be required to build the complex that will include almost 400 hotel rooms and that they just wanted to ensure that Best Sunshine International had the necessary funds to complete the project.

After revealing that a number of commissioners wanted clarification of the finances of the company, Guerrero said that they requested a number of different financial documents from Best Sunshine International and then also took their time to go right through the finances of the company.

Best Sunshine International is actually a subsidiary of Imperial Pacific Holdings Ltd, a company eventually discovered via the financial documents that Best Sunshine had not only met the financial requirements but had actually strengthened their financial position in the eyes of the regulators.

Guerrero claimed that during a meeting with fellow regulators and Mark Brown, Jerry Xie, and Viola Alepuyo, the CEO, CFO, and legal counsel for Best Sunshine respectively, that they were given much more information regarding the project.

The proposed Grand Mariana Casino & Hotel Resort is said to be the largest private infrastructure project ever to be built in the country and will no doubt create a number of jobs throughout its construction and then in the future with regards to staffing.

The company has already revealed that the workforce to be employed at the resort will be made up of around 65% from both the local area and from the US. The regulators have also made a request to Best Sunshine to also consider employing people from the nearby islands of Rota and Tinian as well as giving them free accommodation while they are working there.

With regards to the casino, the amount of tables and slot machines that will be implemented has yet to be decided or revealed by Best Sunshine International but they have revealed that VIP tables will represent around 40% of the total tables that will be implemented.

Best Sunshine International are required to pay an annual fee of $15 million for their licensing fee to operate on Saipan and will also have to pay taxes of 5% of their gross revenue.

You can be sure that while some locals are against the idea of this casino complex, many others feel that it will help the economy massively and provide jobs for locals as well as attracting more tourists to the island country.
 
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