November 2, 2017
The interior of the hotel at Resorts World Bimini.
Stories this photo appears in:
Capo accuses Genting of ‘cooking the books’
Resorts World Bimini’s original developer has doubled down on claims that its Genting partner “cooked the books” in such a way as to “effectively wipe out” its $25m equity investment in the project.
Resorts World Bimini sale bid behind minority owner’s back
Resorts World Bimini’s minority owner is alleging its Malaysian partner sought to sell the hotel behind its back after realising it could no longer “conceal” the improper dumping of multi-million liabilities on its books.
‘Any hope thwarted’ for Resorts World’s revival
Resorts World Bimini’s majority owner is asserting that “any hope” of turning the troubled resort and its $885m liabilities around was “thwarted” by COVID-19 as it blasted efforts to “malign” its reputation.
Resorts World bimini ‘never been close’ to budget
Resorts World Bimini’s financial performance has “never been close” to budget projections in 15 years, its minority owner is complaining, as the property suffers under an annual $57m debt servicing burden.
Capo demands $600m damages from Genting
RESORTS World Bimini’s original developer is demanding its Genting partner pay more than $600m in damages for allegedly turning the project into a “financial wasteland” via a near-billion dollar liability “dump”.
Hurricanes’ toll on tourism jobs
TEMPORARY layoffs at Resorts World Bimini will affect some 150 workers, with more than a dozen expected to be made redundant, The Tribune has learned.
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