Fiji Time: 5:25 AM on Thursday 5 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 0.61870.5997
JPY 52.481149.4811
GBP 0.33370.3257
EUR 0.42280.4108
NZD 0.70910.6761
AUD 0.65260.6276
USD 0.48800.4710

from

$0.00

Exchange Rate updated on 4th May 2016

Today's Most Read Stories

  1. Nude pose
  2. Tuitubou: Stop criticising Fijian 7s players
  3. Sevens marked man
  4. 'Not my decision'
  5. Engineer queries claims on building
  6. Koya: Be fair to all Fijians
  7. Police inquiry into bullet find
  8. 'Most beautiful place'
  9. Police divers pull missing vehicle out of Navua River
  10. Ministry tracks down $2m wage creditors

Top Stories this Week

  1. Tale of pain Monday (02 May)
  2. A son's fatal ride Monday (02 May)
  3. Spirit haunts village Tuesday (03 May)
  4. Boy needs $500 a week to live Monday (02 May)
  5. Nude pose Wednesday (04 May)
  6. Cracks and holes deem building unsafe Monday (02 May)
  7. Family, friends bid farewell to car crash victim Monday (02 May)
  8. Bullet found on aircraft Tuesday (03 May)
  9. Sex talk worry Tuesday (03 May)
  10. Rawaca's hospital bill payment saga Thursday (28 Apr)