Chinese investors are interested in Tinian

A group of Chinese investors want to spend billions of dollars to develop a new tourist destination in the Commonwealth of the Northern Mariana Islands that include Saipan, Rota and Tinian.
The company Saipan Jinghua Investmentthat is based in Shanghai has just presented their plans to build a casino complex worth $4 billion on Tinian, an island in the archipelago of the Pacific Ocean.

Three islands and currently only one casino

Currently, Saipan Jinghua Investment is not the only operator that shows an interest in joining the market of the three islands that make up the Commonwealth of the Northern Mariana Islands.
Saipan has recently adopted a law on legalising casinos in their territory, and has already issued an exclusive license to the Best Sunshine Group that is based in Hong Kong.
The company has plans to develop a casino complex with a budget of about $7 billion.
The island Rota also legalised online gambling and previously had an establishment in the year 2011, which was operated for a few months.
Tinian, which has less than a fifth of the population of the Commonwealth of the Northern Mariana Islands, currently has the only casino on the islands.
The Tinian Dynasty Hotel and Casino, has just been bought by the Mega Stars Overseas group that wants to completely reorganise the establishment.
However, earlier this month, the regulatory authority of Tinian revoked two licenses, which prompted the Chinese investment group to present their project.

A 500-room casino-hotel

In a short press conference, David C. Sablan of the Saipan Jinghua Investment Group said his company is currently working on a casino project that could be built on a plot of 300 ha on the Pina plateau on Tinian.
The complex has a 500-room hotel and a casino.
David C. Sablan did not provide many details about the project since the Chinese investment group is still in the planning phase.
However, he said that additional information will be presented during the month of January 2015.

Other investors

As we told you already above, other investment groups are also interested in joining the market of Tinian.
Other than the Saipan Jinghua Investment and Overseas Mega Stars groups, there are also the Bridge Investment Group, which plans to build a complex worth $300 million called Tinian Ocean View Resorts, and the City Group, who want to build two hotels, two casinos and 800 apartments on the island over the next nine years.