Rota Casino Gaming Commission secretary Justin S. Manglona said the first individual got the application a week ago and the other one picked on Friday.
Although there’s no deadline for the submission, the commission is expecting the applications to be filed within a month, Manglona said.
The commission cannot disclose the names of the investors and all other information unless the application is already filed, he said.
Once an application is submitted, it will take at least a month for the commission to determine whether the applicant is in compliance with the casino regulations, he added.
“That will depend upon the finances of the investor,” he said.
They will also check the background and other pertinent business information of the applicant, he said.
To be more flexible, the commission has set a $25 million as the minimum investment requirement — including a minimum of $5 million in the first phase of development that includes casino construction and gaming equipment.
Manglona said the commission is hoping that Rota will soon have a casino industry.
He admitted that their insufficient funding has hindered them from implementing their marketing strategy which involves introducing Rota to prospective investors.
At present, he said they are working on a Web site and investment guide.
Manglona is encouraging other CNMI officials to help market Rota’s casino industry abroad.
He said all candidates for election should promise to help Rota’s casino industry.
