Fiji Time: 2:30 AM on Tuesday 31 May

Fiji Times Logo

/ Front page / News

Tribe quits casino deal

Felix Chaudhary
Thursday, April 24, 2014

SNOQUALMIE Tribe, the American Indian tribe that had invested in a project to build Fiji's first casino, says it pulled out of the deal because of issues with the developer, One Hundred Sands.

Jaime Martin, the communications and public relations officer for the Snoqualmie Tribe, said the developer was granted an exclusive licence to build and operate casinos in the country, had defaulted on payments due to the tribe, which resulted in their decision to end their involvement in the Fiji project.

"Since 2011, the Snoqualmie Indian Tribe invested with One Hundred Sands to develop a casino experience that would provide first-class entertainment and provide a positive economic impact for the people of Fiji," he said.

"Unfortunately, One Hundred Sands has defaulted on a $US1.5million ($F2.73m) note which was due to the tribe in February 2014.

"The Snoqualmie Indian Tribe has been patient and co-operative throughout this project.

"We have reached out to One Hundred Sands seeking repayment of this loan but have yet to receive payment.

"We wish the people of Fiji and the project much success."

One Hundred Sands chairman Larry Claunch said after the deal with the Snoqualmie Tribe fell through, he managed to secure funding through other means.

"We have secured other investors through Tim Manning from New Zealand," he said.

"Tim Manning is One Hundred Sands investment partner, president and CEO.

"The project is moving forward quickly," he said.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.61850.5995
JPY 52.991249.9912
GBP 0.32410.3161
EUR 0.42720.4152
NZD 0.71570.6827
AUD 0.66410.6391
USD 0.47700.4600

from

$0.00

Exchange Rate updated on 30th May 2016

Today's Most Read Stories

  1. Man found dead
  2. Time out for Jasa
  3. Woman dies in road accident
  4. Militant fighters killed
  5. TISI tussle
  6. Hearing for chiefly dispute
  7. 'Decrease in debt'
  8. Public servants step up fight
  9. Lots for tenants
  10. Watch on for truants

Top Stories this Week

  1. Tears of joy for Jerry's family Thursday (26 May)
  2. Son crushed to death, parents seek answers Tuesday (24 May)
  3. Ryan gutted Tuesday (24 May)
  4. Hayne, Ryan miss out Wednesday (25 May)
  5. Prophecy of Nasautoka Come and drink of this life-giving water Sunday (29 May)
  6. Remains of missionary receives a proper burial 200 years later Friday (27 May)
  7. Mother 'locks up' son to go clubbing Sunday (29 May)
  8. Families live in fear Friday (27 May)
  9. 7s fans disappointed Thursday (26 May)
  10. 13 for Rio Saturday (28 May)