Fiji Time: 11:33 AM on Wednesday 29 March

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 0.65260.6336
JPY 54.821351.8213
GBP 0.39010.3821
EUR 0.45060.4386
NZD 0.70180.6688
AUD 0.64210.6171
USD 0.48960.4726

from

$0.00

Exchange Rate updated on 29th, March, 2017

Today's Most Read Stories

  1. 91,000 hits
  2. Election tactics
  3. Police recover body
  4. 'Minimum wage' for no skills
  5. Mothers raise concerns on hospital service
  6. $1.16m write-off
  7. ATH buys Vanuatu firm
  8. Clark: Mill closure to increase economic activity
  9. Help pours in for cancer patient
  10. FLOTSAM AND JETSAM

Top Stories this Week

  1. Siblings perish Sunday (26 Mar)
  2. Family hopes to raise $60,000 Monday (27 Mar)
  3. 7s star told don't reoffend Friday (24 Mar)
  4. 'Sims' the star barber Sunday (26 Mar)
  5. Shrea wins modelling title Sunday (26 Mar)
  6. Landowners demand $20m compensation from State Thursday (23 Mar)
  7. Explicit photos online Monday (27 Mar)
  8. Former 7s stars win Oldies Saturday (25 Mar)
  9. Boy escapes alive; Police search for missing siblings Monday (27 Mar)
  10. Kicked out Friday (24 Mar)