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CR139-p01-Front_Coinslot NEW 09/05/2014 11:13 Page 1

MAY 2014 • EDITION 139

TWITTER/@ICASINOREVIEW• WWW.CASINOREVIEW-ONLINE.COM

News

Asia & Oceania

GAMING PARTNERS

MAKING HISTORY: OSAKA PAVES THE WAY FOR CHANGE IN JAPAN IDENTIFYING ITS PREFERRED RESORT SITE 12 “Asia is driving core development and innovation”

PREVIEW PEOPLE 48

A guide to the highlights at this year’s G2E Asia at the Venetian

THE BUSINESS NEWSPAPER FOR THE GLOBAL CASINO INDUSTRY

NORTHERN MARIANA ISLANDS

NORTHERN MARIANA ISLANDS

he Northern Mariana Islands, officially the Commonwealth of the Northern Mariana Islands, is one of the five inhabited US island territories. It consists of 15 islands in the western Pacific Ocean, between Hawaii and the Philippines. The total land area of all islands is 464sq.km and, as of the 2010 census, the Northern Mariana Islands had a population of 53,883, of whom over 90 per cent live on the island of Saipan. Of the 14 other islands, only two - Tinian and Rota - are permanently inhabited. Under US administration as part of the UN Trust Territory of the Pacific, the people of the Northern Mariana Islands decided in the 1970s not to seek independence but instead to forge closer links with the US. A covenant to establish a commonwealth in political union with the US was approved in 1975, and came into force on March 24, 1976. A new government and constitution went into effect in 1978.

T Foreign suitors NORTHERN MARIANA ISLANDS

T

Plans to develop a new casino on the Northern Mariana Islands have taken a leap forward, after two foreign investors submitted applications to operate a gaming resort on the island of Saipan. James Walker reports.

line up for Saipan casino licence

wo foreign companies have applied for an exclusive casino licence on Saipan - the largest of the Northern Mariana Islands in the western Pacific Ocean. The applications from Marianas Stars Entertainment and Best Sunshine International followed Governor Eloy Inos’ signing of the Saipan Casino Bill earlier in March. Best Sunshine, a whollyowned subsidiary of Macaubased junket investor First Natural Foods, submitted plans to invest at least $2bn (E1.43bn) for a major integrated resort and casino on Saipan. While Mariana Stars, in which Hong Kong-based Mega Stars Overseas has a 25 per cent stake, has yet to bare its proposal, both companies paid a $1m (E720,000) nonrefundable application fee and have deposited $30m (E21.5m) each in escrow by way of confirming their commitment to the project. Saipan authorities will announce the winning

bidder before June 20. Best Sunshine said it aims to build “four luxury hotels and villas in four stages” on the island. The firm will make an “initial investment of at least $2bn... to include a casino and an integrated resort which will include the construction of 2,000 guest rooms” as the statutory requirements of acquiring the gaming licence. “The submission of these applications and the accompanying funds is the first step in the casino development process,” said Angel Demapan, Governor Inos’ press secretary. Demapan said applicants were required to submit detailed information concerning their financial capability, experience in gaming, development plans and a three-year business plan. All the information submitted will be thoroughly reviewed by a panel consisting of the attorney general, the secretaries of Finance and Commerce, and the commissioner of the Department of Public Safety.

Governor Inos said: “The deposit of the $2m confirms the viability of the proposal to spur economic development through a highly regulated development plan. This development is not just about casinos. It is about construction of new hotels, expansion of infrastructure and the creation of thousands of jobs. “The issue that is the most appealing is that it will provide an economic future for many families, increased demand for real property, and many business opportunities for local residents,” Inos said. “We will be closely reviewing these applications to ensure that they meet our objectives and protect the long-term interest of our residents.” According to press reports emerging from the region, the Northern Mariana Islands Lottery Commission is considering hiring a Macau-based casino investigator and gaming consultant to help review the applications of the two investor

groups wanting to develop the casino resort on Saipan. An initial measure to legalise casino gambling in the Northern Mariana Islands was shelved in November 2013 before being resurrected earlier this year. Yet while Governor Inos has stressed the benefits the new venue will bring to the local economy, the Saipan Casino Bill has also drawn criticism, as it limits the annual tax paid by the sole licensee at $15m (E10.9m), which opponents state is not in the best interests of the electorate. “We at the Chamber do not necessarily reject gaming outright but the last three pieces of legislation that have come forward including this one have all not been in our view in the best interests of the people of Commonwealth of the Northern Marianas Islands especially with this bill calling for exclusivity to one permit holder for Saipan,” said Alex Sablan, head of the Saipan Chamber of Commerce, earlier this year.

Governor Inos

w w w. j c m g l o b a l . c om


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