Chinese firms take over development of Bahamas resort

04/5/2010 | Bloomberg Businessweek

Two Chinese state-owned companies are in a deal to finance and develop the $2.5 billion Baha Mar Resort in Nassau, Bahamas. The 1,000-acre, 3,000-room beach resort originally was planned by Las Vegas-based Harrah's Entertainment, but the company pulled out of the deal in 2008, saying the project was taking too long. The resort will include a 100,000-square-foot casino and a Jack Nicklaus Signature Golf Course.

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