Chow Tai Fook snaps up Baha Mar

The multi-billion Bahama casino-resort complex – Baha Mar Resort – has been handed over to
Hong Kong conglomerate Chow Tai Fook Enterprises via its subsidiary Chow Tai Fook Holdings, according to Bahama news outlet The Bahama Journal.
Last December, the Hong Kong-based group officially signed the US$3.5 billion purchase agreement for the project following its submission of proposal for the acquisition last November.
Speaking at the official handover ceremony, Bahama’s Prime Minister Perry Christie disclosed that the complex will have its official soft opening on April 21 this year, adding that over 600 workers will begin working 30 days prior to the soft opening, the news outlet reported.
The casino hotel will include a convention centre and golf course, with CTFE stating in a press release last December that it plans to invest an additional US$200 million for pre-opening activities and for the redevelopment of the beachfront site of the former Crystal Palace Casino Hotel plus the ‘development of additional family friendly amenities, entertainment venues and offshore island facilities.’