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China – Hainan says ‘no’ to casino development
By Φιλ - 7 Μαρτίου 2014
Politicians from the Chinese holiday island of Hainan have said casinos will never be allowed to operate, ending investor hope that the market could open up there.
Speaking at China’s annual parliamentary meeting, Luo Baoming, Hainan’s Communist Party Chief, said: “We cannot at all allow Hainan to operate casinos.”
Sol Kerzner, the man who created South Africa’s Sun City, announced in October that he would partner with Chinese conglomerate Fosun International to build athe $1.6bn Atlantis Sanya at Haitang Bay,
a 22km long beach. Another 30 five-star hotels are scheduled to be developed in the next five years. Sanya already boasts around 200 hotels. Other international developers to have looked at the island in the last two years include MGM Resorts, Caesars Entertainment, InterContinental Hotels, and Starwood Hotels
