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Firm wants a break

Repeka Nasiko
Thursday, June 05, 2014

CASINO developers One Hundred Sands Limited had requested for a two-month break from paying the monthly fine of $185,138 for failing to adhere to their license agreement.

Minister for Tourism and Attorney-General Aiyaz Sayed-Khaiyum confirmed this in Lautoka yesterday.

"They had paid their fines up till February," he said.

He said government had requested a report from the company "to make some final decisions on it".

One Hundred Sands was granted an exclusive licence to construct and manage Fiji's first casino on Denarau Island in December 2011.

Prime Minister Rear Admiral (Ret) Voreqe Bainimarama officiated at the groundbreaking ceremony in April that year and construction of the $290m casino was expected to be completed by October last year.

Since then the company has been paying government a $US100,000 ($185,668) penalty each month for the delay in the project.

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