Fiji casino developer sells its stake
Updated at 1:43 pm today
The developer granted an exclusive licence to build Fiji’s first casino near Nadi has reportedly sold its stake to another party.
The government announced late in 2011 that the American corporation, One Hundred Sands, would build the casino, in partnership with a Native American tribe, which runs its own casino in Washington state.
The US$155 million dollar project has suffered a number of setbacks, with little sign of construction.
Following the delays, the Snoqualmie Tribe pulled out of the deal after investing 1.5 million US dollars, and recently filed a lawsuit to try and recover its money.
The chairwoman of the tribe Carolyn Lubenau says in the last couple of weeks One Hundred Sands has sold its interest in the casino to another party.