Sunday, June 26, 2022

CNMI govt expecting $39 million at end of fiscal year


The CNMI government is expecting an additional $39 million of gaming tax at the end of this fiscal year, local media reports.

The amount represents gross gaming tax from the almost one-year operation of Best Sunshine International Ltd.’s live training facility.

Best Sunshine has been operating a temporary casino since July last year, with a formal opening in November and currently has 45 gaming tables.

Gov. Ralph DLG Torres said the projected tax revenue is a huge boost to the CNMI’s economy.

“The total projected amount of $39 million in gross gaming tax for the remainder of the years speaks volumes about our economic resurgence and the viability of the CNMI’s tourism industry as we expand to new tourism products,” said Torres.

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