Project on Garapan
The Commonwealth Casino Commission of the Northern Marianas Islands says casino operator Best Sunshine is financially able to complete its $500 million Saipan casino project, according to reports.
“The info we had previously was that the Grand Mariana project would cost $500 million or more with the construction of 374 hotel rooms,” said Edward Deleon Guerrero, the commission’s executive director. “We were interested in seeing their financial records and finding out if it could substantiate their plans and how they intend to complete the construction of the facility. We requested some financial documents and we went over their finances to make sure that Imperial Pacific is financially able to compete the project.”
Deleon said documents provided for audit by IP shows the company “has increased its solid financial position to complete the project.”
Best Sunshine International, a subsidiary of Hong Kong-based Imperial Pacific Holdings, is developing what it claims is the largest private infrastructure development project ever to be built on Saipan. The Grand Mariana will be located in Garapan, the center of the tourism industry on Saipan, which is a part of the U.S. Commonwealth of the Northern Mariana Islands.
