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Alter City Group turns in application for casino license
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Posted on Jun 26 2015
Macau-based Alter City Group has filed its application for a casino license, according to Tinian Casino Gaming Control Commission executive director Lucia Blanco-Maratita.
This comes a month and a half after Alter City Group made a partial payment of $1.2 million for its major siting permit for its envisioned $1-billion casino resort on Tinian.
However, details on initial dates and project kick-off have not been disclosed yet.
Maratita said Alter City Group has submitted the initial documents such as the Business Entity Disclosure forms, the Personal History Disclosure forms for the qualifiers, and various required documents, as well as paid the $100,000 initial investigations deposit and the $200,000 non-refundable casino license application fee.
“Their application will be reviewed by our office and our investigations agents; there may be additional required documents after this initial. After they have submitted all required documents and their application is deemed complete by our office, they will undergo suitability investigations and the 120 days will begin. This means that we have to complete the investigations within that time frame,” she added.
If Alter City Group is found suitable, then TCGCC will also then begin review of their project and negotiations on an agreement will ensue and have to be entered into before any casino license is issued.
“This is the basic process for a casino license application. There may be other steps that come up as the suitability review proceeds,” Maratita said.
Alter City Group proposes a global theme park; a “skybridge” similar to the Petronas Twin Towers in Kuala Lumpur, Malaysia; and a hotel and casino resort complex with 6,000 rooms, villas, and serviced apartments.
In November last year, Alter City Group secured from the CNMI government a lease for 152 hectares in Puntan Diablo, Tinian.
The development is in three phases and includes the construction of hotel rooms, water parks, an 18-hole golf course, villas, casino facilities, and related tourism amenities.
