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Baha Mar: Izmirlian sues China-stated owned company for $2.25b

December 28, 2017

Latest Casino and Gambling News, Bahamas, Fines, Lawsuits & Litigation

Sarkis Izmirlian's BML Properties Ltd., the former owner of Baha Mar resort in the Bahamas has sued the Chinese state-owned corporation China Construction America Inc. for $2.25 billion. BML claims that CCA per...

Cheaters would be advised to steer clear of Baha Mar

Lars Jones

April 29, 2017

Casino News, Latest Casino and Gambling News, Casino Cheating, Bahamas, Financial Fraud

7

While still in it's soft-launch or introductory period, Baha Mar casino in Nassau, The Bahamas, was hit by two unscrupulous players who found out in seemingly world record time they will be going to prison for ...

$20 million in new slot machines on the way to Baha Mar

Lars Jones

February 22, 2017

Latest Casino and Gambling News, Casino News, Casino openings, Casino project updates, Bahamas

In preparation for Baha Mar Resort's planned April 21 soft opening, Chow Tai Fook Enterprises has invested $20 million in new slot machines and plans for 200-800 hotel rooms to be available upon opening. The ne...

Unemployment higher, initial interest in Baha Mar jobs lower than in 2014

Lars Jones

January 19, 2017

Latest Casino and Gambling News, Casino project updates, Bahamas, Employment & Careers

1

Baha Mar began their recruitment drive on Monday to fill 1,500 positions needed for the casino and premiere hotel property's planned Phase I opening on April 21, 2017, under new ownership by Chow Tai Fook Enter...

Chow Tai Fook Enterprises signs share agreement to purchase Baha Mar deal

Lars Jones

December 12, 2016

Casino Sales, Casino News, Latest Casino and Gambling News, New Hotels, Casino openings, Casino project updates, Bahamas, Mergers, Acquisitions & Partnerships

Hong Kong-based global conglomerate, Chow Tai Fook Enterprises Limited (CTFE), announced today that they have signed an agreement to own and operate Baha Mar Resort on New Providence island in the Caribbean cou...

Chow Tai Fook Enterprises tenders offer for Baha Mar

Lars Jones

November 29, 2016

Casino Sales, Latest Casino and Gambling News, New Hotels, Casino project updates, Bahamas

Hong Kong-based Chow Tai Fook Enterprises (CTFE) has delivered an offer to the Bahamian government in a bid to purchase the stalled $3.5 billion Baha Mar Resort there. Reports indicate that the offer includes a...

Chow Tai Fook says Stanley Ho to have no part in Baha Mar

Lars Jones

November 1, 2016

Casino Sales, Latest Casino and Gambling News, New Hotels, Casino project updates, Bahamas, Mergers, Acquisitions & Partnerships

Local media is reporting that Baha Mar suitor, Chow Tai Fook Enterprises (CFTE) has told them that Macau gambling king, Stanly Ho will have no part in their Bahamian operations if the conglomerate's bid to acqu...

Chow Tai Fook Enterprise set to acquire Baha Mar

Lars Jones

October 28, 2016

Casino Sales, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships

After Chinese Export Import Bank (EXIM) in effect purchased Baha Mar from themselves using a Special Purpose Vehicle (SPV) named Perfect Luck Holdings Limited, it was announced Thursday that Chow Tai Fook Enter...

Export-Import Bank of China affiliate new owner of Baha Mar

Lars Jones

October 23, 2016

Casino Sales, Latest Casino and Gambling News, Casino project updates, Bahamas, Mergers, Acquisitions & Partnerships

The beleaguered $3 billion-plus Baha Mar resort in the Bahamas has emerged from uncertainty?by having its assets sold to an affiliate of the project’s primary lender, Export-Import Bank of China. The sale to th...

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open Baha Mar soonest

Lars Jones

October 12, 2016

Latest Casino and Gambling News, Casino proposals, Casino project updates, Bahamas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

BMD Holdings Ltd., the former developer of $3.5 billion Baha Mar notified the Export Import Bank of China today that the company, headed up by Sarkis Izmirlian, is prepared to make an offer that is superior in ...

Potential buyer of Baha Mar meets requirements set by government

Sadonna Price

September 29, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas

Yesterday it was announced by Prime Minister Perry Christie that the potential buyer of the as yet unopened?Baha Mar has met the requirements set by the government. Known only as a huge enterprise, the individu...

Key Sarkis ally; CCA back on the job at Baha Mar is like “letting the kids in the cookie jar”

Kim M

September 5, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas

2

Former Baha Mar Board member and key ally of Sarkis Izmirlian, the project’s original developer, Dionisio D’Aguilar, said that the recent decision by the government to complete the stalled $3.5 billion project ...

FNM blasts Bahamas government over stalled China mega resort

Kim M

April 21, 2016

Latest Casino and Gambling News, Bahamas

Things haven’t been easy going for the Bahamian government regarding its handling of the $3.5 billion Baha Mar project, and according to local media reports, it’s taking heat from its main opposition. On Mon...

Canadian property firm hired to find buyer for Baha Mar Resort: Updated

Sadonna Price

March 26, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas

1

The Baha Mar resort seemingly has had trouble from the very start and while it remains unfinished, the property is now up for sale. The $3.5b project is currently being handled by Deloitte & Touche, who has...

Several parties interested in taking over 97% completed Baha Mar

Alex Lanter

January 29, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas, Caribbean Casino News

1

Joy Jibrilu, Bahamas Tourism’s leading person, revealed that so far there were several interested parties in taking over the infamous Caribbean casino project Baha Mar. According to the statement, the governmen...

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Baha Mar: Izmirlian sues China-stated owned company for $2.25b

Cheaters would be advised to steer clear of Baha Mar

$20 million in new slot machines on the way to Baha Mar

Unemployment higher, initial interest in Baha Mar jobs lower than in 2014

Chow Tai Fook Enterprises signs share agreement to purchase Baha Mar deal

Chow Tai Fook Enterprises tenders offer for Baha Mar

Chow Tai Fook says Stanley Ho to have no part in Baha Mar

Chow Tai Fook Enterprise set to acquire Baha Mar

Export-Import Bank of China affiliate new owner of Baha Mar

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open Baha Mar soonest

Potential buyer of Baha Mar meets requirements set by government

Key Sarkis ally; CCA back on the job at Baha Mar is like “letting the kids in the cookie jar”

FNM blasts Bahamas government over stalled China mega resort

Canadian property firm hired to find buyer for Baha Mar Resort: Updated

Several parties interested in taking over 97% completed Baha Mar

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