Casino potential for Papua New Guinea
In the Australasian nation of Papua New Guinea, officials are said to be set to conduct a search in hopes of finding an international company to run a $ 43 million casino complex planned for the city of Port Moresby.
According to a G3Newswire report, the exercise is to be conducted by the National Gaming Control Board of Papua New Guinea after the regulator awarded local developer Paga Hill Development Company the contract to build the country’s first-ever casino complex. country. Source clarified that the planned venue should be in the seaside area of Paga Hill Estate in the country’s largest community and seek to improve the local economy by attracting foreign players from as far away as Australia, China and United States.
Home to nearly nine million people, Papua New Guinea would have designated the Paga Hill Estate district of its capital as Special Economic Tourism Zone in March of last year. This move would mean that the borough with a panoramic view of the Gulf of Papua will be able to take advantage of a series of tax incentives that have been designed to attract foreign investment in one of the poorest countries in the South Pacific.
The decision of the government of Papua New Guinea would further give Paga Hill Development Company the right to supplement this gaming business by building an adjacent hotel, cinemas, and a variety of retail items. The entire facility is purportedly aimed at targeting the continent’s middle classes China, which is a group defined to take into account about 25% of all inbound tourism by the end of the decade.
Georges hallit holds the position of Chief Operating Officer for Paga Hill Development Corporation and he reportedly stated that the next casino complex would also be ‘attract new visitors” in the country and support a military museum and cultural center project nearby. The executive reportedly said the envisioned friendly gaming venue should further ‘create jobs in tourism and hospitality‘while supporting’a range of spin-offs and services.
Would have read a statement from Hallit …
“While Papua New Guinea is already enjoying strong leisure tourism in the adventure and nature segments, new attractions must be developed to expand this audience and increase attendance. Plans for the Paga Hill Estate feature a range of tourist infrastructures which together will transform the visitor experience with a casino serving as a key element of this tourism strategy and as a proven way to attract international visitors.
Rapid search :
Hallit reportedly ended by revealing that his company hopes to be able to publish more news about the project soon. Port Moresby casino resort and now intends to work with the Papua New Guinea National Gaming Control Council to find a suitable international operating partner.