First Natural Foods Holdings, the Macau gambling junket operator, would need to invest at least US$2bn into a casino resort on Saipan if it is awarded an exclusive casino licence on the Pacific island.
The company has told the Hong Kong Stock Exchange that subsidiary Best Sunshine International had submitted a business plan to the authorities on Saipan, which belongs to the US, in a bid to obtain a gaming licence.
First Natural Foods said it intended to build four hotels and some villas to go with the casino.
