Thursday, August 18, 2022

Investor in talks over shuttered Tinian Dynasty


Tinian’s Mayor Joey P. San Nicolas says there has been serious interest from an investor who is willing to work with the Tinian Casino Gaming Control Commission towards being found suitable to assume ownership of the now closed Tinian Dynasty Hotel and Casino.

The mayor recently visited Hong Kong and Beijing together with Sen. Francisco Q. Cruz and the mayor’s Chief of Staff Allen Perez to meet with various Tinian investors.

Among the investors were Alter City Group, Bridge Investment Group, Chinese Strategic, and Mega Stars.

“Since my meeting in Hong Kong, this investor has visited Tinian and has begun discussions with TCGCC to begin their application process and it is my understanding that the investigation of the applicant will begin shortly,” San Nicolas said in a press release.

“In these discussions, the investor also disclosed how he intends to address the outstanding liabilities which include the FINCEN fines, and moneys owed to the employees and vendors,” stated Mayor San Nicolas. “I am cautiously optimistic that we will see the Dynasty doors open sometime later this year if not early next year."

Alter City Group provided an update of its plans on the island and said it is currently at the beginning stages of Phase 1 of a project to construct a five-star hotel and casino, luxurious villas, and a golf course at the western side of Tinian.

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