A major investor on the Northern Mariana island of Tinian is rethinking its plans to build a hotel/casino worth between 200 million and 500 million US dollars, due to federalisation from June the 1st, which will exclude Chinese and Russian tourists from the visa waiver program.
The Neo Gold Wings Paradise chairman and president Hyun Myung told the Saipan Tribune he's not questioning the reasons behind federalisation in the CNMI but is "quite baffled by the lack of sensitivity" to its economic effect.
Bridge Investment Group LLC announced three weeks ago it's also re-evaluating its 40 to 50 million dollar casino and condominiums project on Tinian due to federalisation, and has already halted construction.
