Inter-American Development Bank senior specialist Wayne Beecher has urged Bahamians to invest in low carbon, environment friendly technology.
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Former Las Vegas Sands Corp president Bill Weidner has been chosen to operate a new US$3.5 billion (28 billion patacas) gaming resort in The Bahamas.
Baha Mar is being majority-funded by the Export-Import Bank of China – a state-owned Chinese institution – and is due to open in December 2014. Another equity partner, with US$1 billion, is Sarkis Izmirlian, chief executive of Baha Mar Ltd.

The resort will be managed by Mr Weidner’s Global Gaming Asset Management LLC, which has an equity stake in the US$1.2 billion Solaire Resort & Casino in the Philippines, and is pursuing a gaming resort licence in Matsu in Taiwan.

Mr Weidner, who helped develop The Venetian Macao while at LVS, told Business Daily that an equity stake in Baha Mar wasn’t an option as the project was already advanced when GGAM was asked to get involved.

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To commemorate the 40th year of independence of The Bahamas, ZNS Network has released a series of videos of footage taken during the ceremony July 9, 1973.
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PARADISE ISLAND, Bahamas — A storm the locals haven’t seen in some 20 years pounded Paradise Island through the night, dumping about a foot of rain in an eight-hour span that flooded the Ocean Club. There was so much water on the course — the entire 18th fairway was covered — that the tournament was reduced to 54 holes.

The first round is to start Friday with a Sunday finish, leaving some flexibility in case more showers cause problems.

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This is an excerpt from The Washington Post as it appeared on May 23, 2013. For updates or to read the current version of this post in its entirety, please click here.

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The LPGA Tour makes its first-ever appearance in the tropical islands of the Bahamas this week with the inaugural Pure Silk-Bahamas LPGA Classic. The Ocean Club Golf Course on Paradise Island will feature a star-studded field of 144 players competing over four days for a chance at a $195,000 first-place check and to be the first to etch their name on the tournament’s trophy.

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To commemorate the 40th year of independence of The Bahamas, ZNS News network has released a series of videos of footage taken during the ceremony July 9, 1973.
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Pictured: William Weidner, GGAM CEO (inset); Sarkis Izmirlian, Baha Mar Chairman & CEO. (PRNewsFotos/Baha Mar)

NASSAU, The Bahamas, May 22, 2013 /PRNewswire/ — Baha Mar Ltd. today announced that Global Gaming Asset Management (GGAM), one of the casino industry’s most successful management teams, has been retained to manage the Baha Mar Casino & Hotel, the centerpiece of the $3.5 billion Baha Mar integrated destination resort in The Bahamas, scheduled to open in December 2014.

GGAM’s senior executives William P. Weidner , Chief Executive Officer; Bradley H. Stone , President; and Garry Saunders , Executive Vice President, were involved with opening and managing the Venetian and Palazzo in Las Vegas and the Venetian Macao, and participated in the development the Marina Bay Sands in Singapore during their tenure with Las Vegas Sands. They formed GGAM in 2011, after ending their affiliation with Las Vegas Sands. Eric Chiu and his Macau-based Asian team were added shortly thereafter. GGAM’s most recent projects include the first phase of the $1.2 billion Solaire Manila, an integrated resort and casino facility in the Philippines that is geared toward Asian and VIP clientele.

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Canada and the Bahamas have held discussions on the Commonwealth Heads of Government Meeting (CHOGM) to be held in Sri Lanka. The Bahamas Foreign Ministry said that its Foreign Affairs Minister Fred Mitchell discussed the Sri Lanka summit with visiting Canadian Minister of State of Foreign Affairs Diane Ablonczy at the Ministry of Foreign Affairs.

“We are fellow Commonwealth countries and have been working in a spirit of friendly cooperation since The Bahamas attained its independence almost forty years ago. The common themes are democracy, the rule of law, respect for the rights of the individual including the right to privacy and the security of the citizens, their persons and property. We exchanged views on these issues today, particularly in light of the upcoming Heads of Government conference in Sri Lanka in the fall,” Fred Mitchell said in a statement.

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Realtors in The Bahamas are witnessing an uptick in sales in tandem with infrastructure upgrades and major construction products.
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