GMA quoted in GGB News

GMA quoted in GGB News

Analyst: Still A Chance to Salvage Saipan Casino

by Marjorie Preston

Back in 2010, it seemed like a surefire venture: a luxurious casino resort in an island setting, ringed by palm trees and within walking distance to white-sand beaches.  But five years later, the multibillion-dollar complex, still unfinished, was plagued by labor disputes, funding shortfalls, missed construction deadline and flailing leadership.

It sounds a lot like Imperial Pacific Palace Saipan, a beleaguered development in the western Pacific, also unfinished and also in danger of ruin.  But the resort in question is half a world away, in the Caribbean.

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