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By Moneth G.
Deposa
Variety News Staff
ALL five members of the Tinian
Casino Gaming Control Commission are in South Korea for a 10-day investigation
of casino license applicant Marianas Resort Development Corp.
Tinian Mayor Jose San Nicolas yesterday said that TCGCC chairman William
Cing, vice chairwoman Serafina R. King-Nabors, and members Juanita M.
Mendiola, Peter Q. Cruz and Francisco Borja flew to South Korea on Tuesday
and are expected to be back on island next week.
Also with the group are the commissions executive director Esther
H. Barr and chief investigator Patrick San Nicolas.
The mayor said the official trip is one of the commissions duties
which requires an investigation and inspection of the casino applicant
before the issuance of a casino license.
The commissioners need to find out personally and investigate the
credibility of those financing the casino project. They will be in Korea
for 10 days to gather information, the mayor said, adding that the
team will make recommendations and submit a report to the commission,
the municipal council and the mayors office.
Asked about the travel costs, San Nicolas said MRDC paid for the fare
and per diem. He did not disclose the amount.
MRDC provides everything for this trip because it is in the law
that they have to provide it, he said.
Under the Revised Gaming Act, an applicant for a casino licensee shall
pay a non-refundable application fee of not less than $200,000 upon submission
of the application to the commission.
TCGCC issued the provisional license to MRDC on Sept. 27 last year.
The islands only casino, the Tinian Dynasty Hotel and Casino, has
been operating since 1998,
The other new casino license applicant, the Bridge Investment Group, earlier
said they want to invest about $150 million.
Mayor San Nicolas said upon completion of the revised land lease agreement
between MRDC and the Department of Public Lands and the investigation
of the commission, the company can start the physical construction of
its facility.
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