Alter City Group

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    Alter City Group casino license suspended

    Alter City Group, the company behind a proposed billion dollar investment project in Tinian, has had its casino license suspended for over a year now since failing to pay the annual casino license fee, Mariana Variety reports. According to Tinian Casino Gaming Control Commission executive director William Cing, under the casino license agreement, Alter City […]

    Guam needs to approve casinos to remain competitive: academic

    The Pacific Island of Guam needs to approve casinos to avoid losing its tourists to the Commonwealth of Northern Mariana Islands, where gambling is permitted on Saipan, Tinian and Rota, a leading academic warned. “We need to use a special request for proposal (RFP) process to get the best deal possible from a single vendor […]

    Investor in talks over shuttered Tinian Dynasty

    Tinian’s Mayor Joey P. San Nicolas says there has been serious interest from an investor who is willing to work with the Tinian Casino Gaming Control Commission towards being found suitable to assume ownership of the now closed Tinian Dynasty Hotel and Casino. The mayor recently visited Hong Kong and Beijing together with Sen. Francisco […]

    Tinian on the hunt for new revenue

    The municipality of Tinian has not collected any revenue since the closure of its sole major investor, Tinian Dynasty Casino and Hotel, Marianas Variety reports. The island newspaper, quoting Tinian officials, said Tinian Dynasty was scheduled to re-open on April 15, but it did not. Tinian Mayor Joey Patrick San Nicolas however said the hotel will open during […]

    Alter City Group applies for $1.1 billion in tax incentives

    Macau-based Alter City Group has applied for full tax benefits under the Commonwealth of Northern Mariana Islands’ qualifying certificate program, amounting to $1.1 billion, according to the Saipan Tribune. The Tinian investor has projected around $500 million in tax payments from casino operations in their Plumeria Golf and Casino Resort over the next 24 years, according […]

    Alter City Group asks CNMI government for tax breaks

    Alter City Group, which is currently planning to invest US$1.2 billion dollars to build two casinos, hotels, as well as apartments, and other projects in Tinian,  is asking the territorial government to grant a tax break, local media reports. Alter City Group CEO, Edvon Sze, says if they were granted a qualifying certificate for a […]

    Alter City files casino license with Tinian gaming commission

    Alter City filed its casino license application with the Tinian Casino Gaming Control Commission this month after making two payments of $200,000 and $100,000 for an application and investigation fees, respectively. According to local media, the payments on June 11th follow a meeting in May in which representatives of Alter City Group met with Lt. […]

    Alter City set to expand Tinian project

    Representatives of Macau-based Alter City Group met with  Lt. Governor-elect Ralph DLG Torres and other Northern Mariana Islands officials to present a check of $1.2 million as partial payment for the firm’s major siting permit for its casino resort on Tinian. The Saipan Tribune reported that the company outlined changes to its plan for the […]

    Alter City buys Saipan building for headquarters

    Macau’s Alter City Group, which late last year was able to secure the lease on 155 hectares of land for an integrated resort project on Tinian island, has bought The Family Building on Saipan to serve as its headquarters. Executive vice president Ken Lin said the acquisition is the company’s way of showing that it […]

    China casino investors attend CNMI governor inauguration

    The inauguration of Northern Marianas Governor Eloy Songao Inos was attended by four Chinese investor groups intending to build over $10 billion in casino-hotel investments. Best Sunshine International, a unit of Imperial Pacific, Alter City Group, Mega Stars Overseas Limited and Saipan Jinghua officials were present at Monday’s inauguration ceremonies held at the parking lot […]