With Yida Investments
Antigua inks deal to build USD 740 casino resort
2014-06-30
Reading time 36 seg
(Antigua and Barbados).- Antigua & Barbados government announced an agreement with Chinese investment company Yida Investments to build a USD 740 million integrated casino resort on Antigua’s Guianna Island, which is scheduled to open in December of this year.
The deal would develop Antigua’s Guiana Island and surrounding areas with 5 five-star hotels, 1,300 residential units, a casino and conference centre, a 27-hole golf course, a marina and a commercial/retail/sports facility.
The land which is being used was that of Allen Stanford who setup the Ponzi scheme scam and was sentenced in 2012 to 110 years in prison.
Prime Minister Gaston Browne said, “I promised the people that my administration would bring the type of investments to the country that will transform Antigua and Barbuda into an economic powerhouse and I am serious about that promise. This Memorandum of Agreement is the result of our determination to work in the interest of the people of the country.”
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