Fiji Government Cancels One Hundred Sands’ Casino License

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Company fails to comply with conditions, $490,000 fine unpaid

SUVA, Fiji (Fijilive, Feb. 11, 2015) – Fiji's Attorney General Aiyaz Sayed-Khaiyum denies Fijian Government was defrauded as a result of the cancellation of the licence for its first-ever casino issued to One Hundred Sands Limited in 2011.

He says Government has made approximately $1 million [US$490,000] from the deal and stands to earn another $1million which it intends to pursue.

This in the form of fines supposed to be paid each month to the Government by the developer as provided under the licence.

The licence issued in December 2011 required One Hundred Sands to pay $US100,000 ($F185,668) in penalty each month the project remained incomplete, beginning October 1, 2013.

He confirmed before the house today that the licence was revoked Monday after the developer failed to comply with contract conditions.

"To date approximately $1million dollar has been paid. Of course one of the reasons for the revocation of the licence was because the other $1million has not been paid to date," Sayed-Khaiyum said.

"So what we will be doing as provided under the licence is we have the ability to pursue the outstanding amount. It will be pursued by government."

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