Published
Casino

IH to build $10bn casino on Rota

IH G

north mariana islands
roup has announced it plans to build a 1,100-room hotel and casino on the island of Rota in the Northern Mariana Islands. The project was announced by the Group’s leaders Il Hwan Kim and Edward Atalig Hocog Jr.

The combined hotel and casino will cost $10bn and will take a decade to be complete.

In a letter sent to Efram Atalig, the mayor of Rota, Kim IH’s president explained that after he is granted the right to establish himself in the commonwealth, he would begin the necessary steps including licensing applications in order to operate a casino.

If all goes well Kim expects the construction to be underway by 2017.

The first phase, the hotel casino, is expected to cost $1bn to build and will include 500 rooms and a vacation hotel with 500 more rooms and 100 cottages. In addition IH will offer shopping facilities, and cruise ship and airline services.

Atalig has expressed his support for the proposal which has seen IH partner up with IH Corporation, KSA Corporation and Island Paradise Hotel.

Kim explained that the waiting period does not stop IH from proceeding with proposals for its projects, stating: “I would like to thank you (Mayor Atalig) and the Municipality of Rota for allowing us to share our vision for the island of Rota. The Kim family and company vice president Edward A. Hocog are truly grateful for our partnership.

“We look forward to your assistance and support in regards to IH Group’s project as this will improve and enhance Rota’s socio-economic development and prosperity for the island of Rota and its people.”


Asia News Sponsor
Premium+ Connections
Premium

1xBet Partners

 
Premium

Digitain

 
Premium

Lynon

 
Premium

Revsharks

 
Premium

GammaStack

 
 
Premium

Imagine Live

 
Premium

Galaxsys

 
Premium

Sport Generate

 
Premium

RISK

 
Premium

PIN-UP Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...