Following the payment of a US$250,000 investigation fee, a delegation from the Tinian government and members of the Tinian Casino and Gaming Corp (TCGC) has left for Korea to investigate an application for a casino licence from the Matua Bay Resort, a project of a Korean firm based in Guam. Mariana Resort Development wants to undertake the two-phase construction of a casino resort with a total investment of around US$309 million.

The first phase would include a 500-room hotel and casino together with an 18-hole golf course. The second phase would require an additional US$130 million to complete the facility with another 500 rooms at the hotel. In April 2006 a groundbreaking ceremony was held for the proposed Matua Bay Resort and it was reported at the time that the first phase of the development was for a 300-room hotel and casino.

Plans for the Matua Bay Resort near the Tinian International Airport have been in the pipeline for over two years. The group of investors in the Korean-owned Mariana Resort Development come from China, Japan, Singapore, USA and Korea. Tinian is the only island in the Northern Marianas where casinos are allowed and Tinian Dynasty Hotel and Casino has been the only casino operation since 1998. The TCGC has already granted a casino licence to Bridge Investment Group for a casino hotel project on the island.
(E-03.09.07)

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