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Govt threatens to cancel casino licence

 

Oct 04, 2013 12:22:21 PM

Govt threatens to cancel casino licence Fiji has threatened to cancel the exclusive casino licence given to American company One Hundred Sands Limited.

The government has written to the company to demonstrate that construction of the $290million casino will begin soon.

Acting Prime Minister and Attorney General Aiyaz Sayed-Khaiyum said they have written to One Hundred Sands Ltd asking why the government should not cancel their casino licence.

"With due consideration of the significant economic benefits the project would bring to Fiji, government has given One Hundred Sands ample time to get their finances in order," Sayed-Khaiyum said.

"Today (yesterday), I have written to the chairman asking him to show clear cause why government should not cancel the licence."

Under the terms of the licence, One Hundred Sands will be required to pay the government US$100,000 in penalty each month that the project remains incomplete, beginning October 1, 2013.

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

The groundbreaking ceremony took place last April and construction of the $290million casino was expected to be completed by October this year.

One Hundred Sands is yet to comment. Questions sent to company executive Barbara Lami are yet to be answered.

By Reginald Chandar

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