“They are looking at the market and they want to build it by phases,” said Mendiola, the island’s mayor-elect.
The commission requires $25 million as minimum investment for a casino, $5 million of which will finance the first phase of development — the construction of the facility and gaming equipment.
Mendiola said two individuals picked up applications while a Japanese investor has already submitted his.
A Chinese investor also visited Rota recently to explore the possibility of investing in a casino facility there, he said.
The commission, however, has yet to disclose the names of these investors.
It said it will have to evaluate these applications first to determine whether they are in compliance with the regulations.
