Hong Kong Entertainment, operator of the Tinian Dynasty Hotel and Casino has had its casino licence canceled.
Tinian Mayor Joey Patrick San Nicolas said the operator could not meet the standards set by law. With the cancelation, the Municipality of Tinian now has the three available casino licences.
The decision was made by the gaming commission during a special meeting yesterday. Executive director William Cing said HKE had failed to comply with audit requirements from 2008 to 2014 and failed to keep and maintain separate bank accounts for banking transactions related to the operations of the casino.
HKE had also turned over the administration, management and operation control of the casinos to persons who have not gone through a suitability check.
“While it was my hope that the municipality could somehow assist HKE resume operations of the Dynasty casino, the liabilities that have been incurred by HKE in the course of conducting gaming activities are insurmountable,” said San Nicolas.
“Given all that has been said and done, HKE could not meet the standards set forth by law and I applaud them for recognising that while we are casino-friendly, we have rules that must be followed and this announcement was to be expected.”
