80.3 F
Charlotte Amalie
Saturday, July 2, 2022
HomeNewsArchivesAPPLICATION FILED FOR EAST END CASINO

APPLICATION FILED FOR EAST END CASINO

A prospective investor has filed an application with the V.I. Casino Control Commission, the first step toward actually building a hotel-casino on St. Croix.
Eileen Petersen, CCC chairwoman, announced Monday that Golden Gaming LLC has filed a casino license application, the fourth filed with the CCC since 1996. The application is for a Tier II hotel-casino that will be built on the east end of St. Croix, Petersen said.
Licensing fees for a Tier II hotel, which must have 300 to 1,400 rooms and a 10,000-square-foot casino, are $200,000 for the first two years. A second two-year license costs $175,000.
Petersen said the next step for Golden Gaming will be an intensive background check by the V.I. Division of Gaming Enforcement. How long that will take is unknown, she said.
"Until we get a clean report . . . I am unable to say without specificity how long it will take," Petersen said.
St. Croix’s first casino, the Divi Carina Bay Resort, opened in March 2000. A second application by a Colorado-based company was rejected by the CCC after the company proposed that it would need to add the mandated amount of rooms over time.
The third application was taken out by Mario de Chabert, a St. Croix businessman and attorney. His project, an eight-story, 193-room casino-hotel on his family's property near Sunny Isle Shopping Center, could break ground by the end of the year.
Petersen confirmed that de Chabert has paid 50 percent of his licensing fee and filed preliminary paperwork for the application that he first filed in 1999. Remaining steps include:
— Intensive background check on the casino's management;
— Verification of the project's financial viability;
— A feasibility study to determine if the island can support a second casino;
— Public hearings;
— Payment of remainder of the license application fee.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.




Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.

STAY CONNECTED

20,771FansLike
4,756FollowersFollow

FROM FACEBOOK

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Load more
A prospective investor has filed an application with the V.I. Casino Control Commission, the first step toward actually building a hotel-casino on St. Croix.
Eileen Petersen, CCC chairwoman, announced Monday that Golden Gaming LLC has filed a casino license application, the fourth filed with the CCC since 1996. The application is for a Tier II hotel-casino that will be built on the east end of St. Croix, Petersen said.
Licensing fees for a Tier II hotel, which must have 300 to 1,400 rooms and a 10,000-square-foot casino, are $200,000 for the first two years. A second two-year license costs $175,000.
Petersen said the next step for Golden Gaming will be an intensive background check by the V.I. Division of Gaming Enforcement. How long that will take is unknown, she said.
"Until we get a clean report . . . I am unable to say without specificity how long it will take," Petersen said.
St. Croix’s first casino, the Divi Carina Bay Resort, opened in March 2000. A second application by a Colorado-based company was rejected by the CCC after the company proposed that it would need to add the mandated amount of rooms over time.
The third application was taken out by Mario de Chabert, a St. Croix businessman and attorney. His project, an eight-story, 193-room casino-hotel on his family's property near Sunny Isle Shopping Center, could break ground by the end of the year.
Petersen confirmed that de Chabert has paid 50 percent of his licensing fee and filed preliminary paperwork for the application that he first filed in 1999. Remaining steps include:
-- Intensive background check on the casino's management;
-- Verification of the project's financial viability;
-- A feasibility study to determine if the island can support a second casino;
-- Public hearings;
-- Payment of remainder of the license application fee.