PM To Meet With Sarkis On Monday
September 26, 2015
Perry Christie is expected to meet Baha Mar developer Sarkis Izmirlian on Monday after he received verbal assurances from the $3.5 billlion resort’s lender China Export Import Bank that it was willing to work with all stakeholders to complete the stalled West Bay Street project. […
Flowers: International opinions on local gaming sector ‘ill-informed’
October 28, 2017
CEO of FML Group of Companies Craig Flowers said comments from international institutions about The Bahamas’ gaming industry are “certainly not factual”, adding that they are “ill-informed”. A recently released International Monetary Fund (IMF) working paper that included a case study on The Bahamas stated: “Anecdotal evidence suggests that international correspondent banks are uncomfortable providing services to domestic banks that do business with either money transmission businesses (MTBs) or online gaming operators (so called web shops), which are perceived as a higher anti-money laundering/counter terror financing risk.