Comment history

DNewton says...

It will also be interesting to see if they can find the talent they need to come from outside the Bahamas. This type of a project needs executives with relevant experience and player development people with relationships with high end players. The ex-pats who uprooted their lives to move to the Bahamas also got left high and dry, and it will be difficult to attract people to jobs after that. So I expect that there will be a lot of Chinese management brought in.

DNewton says...

"the Government will likely press for at least part of the $3.5 billion project - probably the casino and casino hotel, plus the convention centre, Hyatt and the golf course - to be completed and open in time for both the end-winter season and 2017 general election."

This indicates a complete lack of a real understanding of what is involved in opening a project like this. If a management company isn't going to be identified until after the project is complete (or at least several key parts of the project are completed), who will be hiring the staff? You can bring on the Bahamian employees, but you also need a management staff and key positions like specialized chefs and casino marketing staff. Many of these key jobs were filled by ex-pats, who have by now left the Bahamas. Openings are chaotic enough under the best of conditions, but opening a large resort without a management team would continue the disaster that BM has been so far. The more likely result is that the opening continues to be pushed back.

While BM has been a disaster for the Bahamas, it may not work out very well for the Chinese either. The project was going to have a hard time getting to profitability under the best of conditions, and the bad PR and sub-par workmanship the project has had will make it even harder, if not impossible. And other countries and developers are going to see what the Chinese did to Sarkis and the Bahamians and I'm sure will be very hesitant to get in bed with the Chinese on other projects around the world.