Bahamas Talks to Casino Operator
14 June 2006
BAHAMAS – As reported by the Bahama Journal: "The government is in "advanced" talks with the prospective operator for the casino at the Our Lucaya Resort whose present operator, Isle of Capri, is preparing to pull out, according to Tourism Minister Obie Wilchcombe.
"…The present casino operator advised the government two weeks ago that it will be leaving Grand Bahama within a year.
"Minister Wilchcombe, who did not reveal the name of the new potential operator, said he was confident that details of the takeover will soon be worked out.
"…The government is banking on the multibillion-dollar Ginn development to help boost the island's economy. The project is being developed over 20 years, but according to Prime Minister Perry Christie, significant benefits are already flowing as a result of the development in West Grand Bahama…"