Executives from the Gaming Board recently got a first-hand look at the progress on the state-of-the-art Baha Mar Casino gaming floor, 100,000 square feet of high-end gaming excitement in the caribbean’s largest casino.
The Bahamas: Business
Despite concerns regarding Morgans Hotel Group Management’s move to terminate its hotel management agreement with Baha Mar, resort officials insist the opening of the multibillion-dollar facility will not be delayed.
Andorra-based, family-owned Andbank (Bahamas) Limited continues to uphold the company slogan “Only Talent Performs” by developing young, new, Bahamian talent.
Prime Minister Christie announced yesterday in his annual budget communication that Government will introduce Value Added Tax at 7.5%, down from the 15% originally proposed.
The IDB says that The Bahamas has “furthered worsened its potential” to be subject to a downgrade of its credit rating by international agencies as a result of pushing back the implementation date for VAT.
Lisa Johnson, a career diplomat, has been assigned by the United States Department of State to be Deputy Chief of Mission at the US Embassy in Nassau and is scheduled to arrive in the Bahamas on June 28.
Atlantis is celebrating the iconic resort’s 20th anniversary. The resort, a creation of visionary entrepreneur Sol Kerzner and now owned by Brookfield, will honor this occasion with a year-long celebration.
In a significant shift from the current manual approach, the Department of Customs has announced that all shippers and brokers will be required to submit all of their trade-related documentation online as of the beginning of June.
Baha Mar recently hosted Tez Tour, one of Russia’s leading tourist companies, at its Royal Blue Golf Clubhouse.