The regulations, he added, will accommodate investors who want to build a small casino as a “starting point.”
The casino law requires a minimum investment of $25 million, Songao said, but under the regulations, an investor can start a casino business worth $5 million — provided that in 10 years, the investment will reach $25 million.
“Former officials are saying things that are contrary to the [casino] initiative passed by 85 percent of the voters of Rota,” he said.
The former senator encourages those who want to know more about the casino’s rules and regulation to visit their Web site at www.rotacasino.com.
