Fiji Time: 8:58 AM on Sunday 30 August

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 0.62450.6055
JPY 56.810253.8102
GBP 0.30290.2949
EUR 0.41450.4025
NZD 0.73480.7018
AUD 0.66190.6369
USD 0.47110.4541

from

$0.00

Exchange Rate updated on 27th August 2015

Today's Most Read Stories

  1. PM's warning
  2. Asian stock fall to affect Fijian economy
  3. Attacks on democracy will not be tolerated by the State
  4. Prasad wins personality title
  5. Ministry assists elderly couple
  6. Youths out to save the environment
  7. Plans to generate money
  8. FWCC plans three shelters worth $1.7m for victims
  9. Need for integrated approach
  10. Nurturing young designers

Top Stories this Week

  1. Sayed-Khaiyum responds to Karavaki warning Thursday (27 Aug)
  2. Guns in town Thursday (27 Aug)
  3. Birth by the river Tuesday (25 Aug)
  4. Making the cut Monday (24 Aug)
  5. PM turns down Ratu Naiqama request Thursday (27 Aug)
  6. Military, police beef up manpower Tuesday (25 Aug)
  7. John quits 7s job Tuesday (25 Aug)
  8. Soldiers patrol town prior to sedition case Wednesday (26 Aug)
  9. Draunidalo hits back Friday (28 Aug)
  10. Naqelevuki in doubt Wednesday (26 Aug)