The Fijian government has granted the country’s first-ever exclusive gaming license to US-based One Hundred Sands Limited – the company developing a US$290 million luxury casino resort on Denarau Island.
The first phase of development will see 190 hotel rooms and 3 restaurants, with the second phase to add further accommodation, a nightclub, entertainment venues, and a 1,500 seat convention center. The casino area will feature 500 slot machines and 54 table games.
“It is important with all new investment projects – both internal and international – that we protect the rights and interests of Fijians, and provide for the prosperity of our nation,” Fiji’s Prime Minister, Frank Bainimarama, said at today’s announcement ceremony.
“[This project] provides a malleable fusion between the western ideals of casino gaming with the strong cultural virtues of tribal and community life. This fusion is what we seek… considering our own national pride in, and respect for, the value of the unique, yet united, cultures present among all Fijians,” he added.
The development is expected to create upwards of 800 jobs for local residents. The groundbreaking for the gaming facilities, new convention center and luxury hotel has been tentatively set for March 2012.