There are plans in Vanuatu to create what is being billed as a six-star hotel and casino complex.
The Daily Post newspaper says the Iririki Island Resort on an island a short distance off the Port Vila waterfront is to be developed.
The Finance Minister, Maki Simelum, says the casino and gaming industry is one of the major sources of revenue for the government.
He made the comment after signing an agreement for a ten-year licence with the directors of Jewels Casino and Iririki Island Resort.
The minister says he hopes the casino will attract wealthy tourists from around the world to use the facilities.