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New owners of Tinian Dynasty fail to complete application process


The Tinian Casino Gaming Control Commission says the new owners of Tinian Dynasty Hotel and Casino have not completed the application process and refused to co-operate, Radio New Zealand reported.

The casino is owned by Hong Kong Entertainment (Overseas) Investments Ltd, and majority shareholder, Mega Stars Overseas Ltd.

The U.S. government earlier this month fined the Tinian Dynasty Hotel and Casino operator, Hong Kong Entertainment (Overseas) Investments, $75 million for “willful and egregious” violations of anti-money-laundering rules going back to 2008.

The commission's executive director Lucia Blanco-Maratita said it has no choice but to deny the owners' suitability application.

She said due to Tinian Dynasty's various violations a complaint has been filed in court and a hearing is due to be held next month, Radio NZ said.

 

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