Work on Fijis first ever Casino to begin
17:01 Sun Aug 05, 2012
The site of Fiji’s first casino.
Taken from/By: FBC News
Report by: Ritika Pratap
Work on Fiji’s first casino will begin this month as investors will meet to give contracts to local companies in Denarau this week.
One Hundred Sands – the company behind the project has managed to raise $400million for construction.
However the initial projections for phase one of the project which will see the construction of a convention center, casino and resort is $290m.
Managing Director Larry Claunch says overseas investors are often given misconceptions about Fiji’s investment potential by local private sectors.
“There has been a lot of criticism if we could raise the money in a timely fashion – we have, criticism and comments if we can finish on time – we will – its going to be probably a fastest development anybody has ever seen and it going to be fun to watch.”
Claunch says the current government played a vital role for this investment.
“I didn’t come to Fiji with a though of developing a casino or anything for that matter – I really just came here to eat fresh fish – but after seeing the vision of this government I knew everything was possible and I was all in.”
Five hundred locals will be employed during the construction and around 600 to 850 will be employed at the casino.
The new casino is expected to begin operation from September next year.
« Back to Home« More Fiji News