With Chinese players having 30 days of easy access to the Bahamas, business at the Baha Mar resort is sure to take off.
The involvement of Chinese authorities in the Bahamas casino resort project – through government-owned companies China Exim Bank and China Construction of America – is already proving to be beneficial.
The $3.5 billion Baha Mar casino is scheduled to open in December 2014 and is counting on Chinese gamblers to ensure profitability, but things are looking up as the latest gambling news announce that the two governments have signed an agreement giving citizens from both countries a 30-day permission to travel freely, without a visa.
Paradise for gamblers
Since casinos are prohibited by Chinese gambling laws, Asian players are constantly looking for new venues. With its 1,500 slot machines and 150 gaming tables, the Baha Mar Resort has certainly got what it takes to become the next gambling Paradise.
The gaming floor alone will be over 9,000 square meters and if that’s not enough to attract gamblers all over the world, the developers are promising “high-limit rooms, state-of-the-art machines, and every popular table game in the world”.
The 100,000-square-foot casino will be run by Global Gaming Asset Management (GGAM), a company lead by William Weidner, ex-president of Las Vegas Sands. GGAM has also managed Bloomberry’s Solaire Casino in Manila’s Entertainment City, but the company was let go earlier this year, as Bloomberry was not satisfied with the number of Chinese high-rollers brought in.