Tinian Casino Deal Signed - Wednesday 5th of April 2006

TINIAN – As reported by the Saipan Tribune: "The Fitial administration signed last week a memorandum of agreement with Baltimore-based Cordish Company for a $200-million casino and golf course project on Tinian.

"Gov. Benigno R. Fitial said the agreement was signed Tuesday. Cordish Company is the second casino MOA signed by the administration. It earlier signed an agreement with Marianas Resort Development Co. Inc., which plans to build a $170-million casino and golf course project on Tinian.

"Fitial said Friday that MRDC will break ground on Tuesday. Under the casino law, Tinian can issue up to five casino licenses. Right now, only one operator has the license, Tinian Dynasty Hotel & Casino, which began its operations in 1998.The Fitial administration said all five slots are essentially taken now…"

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