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Atlantis enjoys 15% cash flow jump by Disney/Vegas tie
Atlantis is closer to marrying Disney World and Las Vegas than “any other property in the world”, with net cash flow having increased by 15 percent since its current owner’s 2012 takeover.Morningstar Credit Ratings, the investment analysis firm, in a
NAD's $73m raise 'a big confidence boost'
The “fully subscribed” Nassau Airport Development Company (NAD) offering has raised the bar on what the Bahamian capital markets can generate, an investment banker believes.
Developer denies kickback claims
THE developer of Blackbeard’s Cay off Nassau has been named in St Maarten press reports in connection with a bribery claim that reaches to the highest levels of government in that country.
‘Pie in the sky’: Gov’t slammed on Freeport regulation claw back
Calls for the Government to reclaim regulatory authority over Freeport have been branded “a pie in the sky idea”, given the existing legal barriers to such a move.
YOUNG MAN'S VIEW: The implications of the Baha Mar saga
IT appears that the Baha Mar saga will be occupying the front pages and serving as lead stories in newscasts for many months (and likely years) to come.
CCA: Reverse Baha Mar sabotage 'in its entirety'
Baha Mar's contractor is seeking to overturn "in its entirety" a New York judge's verdict that it sabotaged Baha Mar's completion and orchestrated Sarkis Izmirlian's removal as the project's developer.
New government pushes green energy policy
THE new Progressive Liberal Party government issued its first statement on the future of energy in the Bahamas recently, and all signals were positive.
ALICIA WALLACE: Long wait for investigation in MP allegation highlights our rape culture
APRIL is Sexual Assault Awareness Month — a time to focus specifically on the pervasiveness of sexual violence and its impact on survivors and their communities, educate the public, and advocate for the introduction and/or expansion of prevention, intervention, and support programmes and services.
Sarkis: CCA explanation ‘doesn’t pass smell test’
Sarkis Izmirlian is blasting the explanation given by Baha Mar’s contractor for how it obtained his legal papers, later used to cut a nine-figure damages claim to just $30m, for “failing to pass the smell test”.
BPL faces ‘consumer war’ with class action
A former Cabinet minister yesterday said he is pursuing a class action lawsuit over Bahamas Power & Light’s (BPL) outages, and warned: “This is a straight-up consumer war.”
Turnquest - will he ride this out?
THE deputy prime minister was “praying to God” that allegations connecting him to unproven claims of tax fraud and a worker’s wrongful dismissal would never emerge in The Bahamas.
A YOUNG MAN'S VIEW: Too many questions and not enough answers over Baha Mar
THE Chinese Government, the China Export-Import Bank (CEXIM) and their co-conspirators, the Bahamian Government, all appeared to have “gooseyed” Baha Mar developer Sarkis Izmirlian, ripping his brainchild from his hands and ignoring him like the rude child in the room.
Clubs & Societies October 20th, 2023
The Bahamas Down Syn- drome Association is to hold a buddy walk-fest on Saturday, October 21, from 8am to noon.
YOUNG MAN'S VIEW: Short straw for Long Island
The plight of the people of Long Island seems to have been lost on the powers that be as this gem in our archipelagic chain continues to languish in the doldrums.
Court crushes union over Melia gratuities
A Supreme Court judge yesterday demolished the hotel union’s case against the Meliá Nassau Beach Resort, finding that the hotel was not obligated to pay staff a 15 per cent gratuity for serving all-inclusive guests - something he said would amount to “a gratuitous giveaway”.
Contractor 'grind' over Baha Mar pay delays
Bahamian contractors yesterday disclosed it was “a grind” to obtain timely payment for work done on the $3.5 billion Baha Mar project, with waits up to 90-120 days hitting cash flow and eating into already-thin profit margins.
TOUGH CALL: When parliamentary privilege was on the other foot
According to Fred ‘This is War’ Mitchell, he will not be bound by any court of law when it comes to what he considers to be his unqualified right to say and do whatever he pleases in Parliament.
RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
FTX Bahamas demanding $9.15bn from US affiliates
FTX’s Bahamian liquidators are seeking to recover a total $9.15bn from the crypto exchange’s US entities with some 84 percent of this sum involving assets that were “misappropriated” prior to its late 2022 collapse.
