Saipan: Senate vetoes again casino bill
The four-month-old House Bill was defeated by a vote of 6-2 vote with one absence, according to last Thursday’s edition of “Saipan Tribune”.
The Saipan Senate president said a Macau-based Asian gaming consultant who visited Saipan last year said the Marianas archipelago cannot expect to generate revenue from a casino industry right away.
The casino expert projected that once the industry kicks off the ground, the annual revenue could only be us$ 7 millions, when the territory Retirement Fund alone needs some us$ 400 million. Macau’s IGamiX Management & Consulting said at the time that Saipan should start small if it wants a casino industry established, and the island should be ready to face stiff competition from Asian destinations with established casino industries such as Macau, Korea, Singapore, Cambodia, and the Philippines. Saipan voters had already twice rejected a casino initiative.
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