Jamaica extended the deadline for developers interested in submitting proposals for integrated resorts on the Caribbean island nation to November.
An exact date hadn’t been publicized as of yet. The previous deadline was September 30.
Three licenses are open for bid for casinos with hotels of at least 2,000 rooms. They will be able to offer both slot machines and table games with revenue taxed at 10 percent.
Applicants must submit a formal business plan and be able to clearly show funding commitments. The subsequent review process is expected to take about four months with winning bidders announced in early to mid-2014.
The government so far hasn’t identified any bids or expressions of interest, so it isn’t known if any major operators are involved. A project known as Harmony Cove, a joint venture between the government and Tavistock Group priced at US$800 million, is reported to be progressing on the island’s northern coast with plans calling for a luxury hotel, three golf courses, a water park and dining and retail attractions.
The market currently consists of small venues mostly in the capital of Kingston operating machine games only.
