Plans for an undersea casino in Malta are in jeopardy after the projects backer, The Cala Corporation, failed to provide serious proof of 'financial standing' according to the Malta’s tourism minister Francis Zammit Dimech, ATE online reported.
ATE online further reported Minister Zammit Dimech also accused the US-based company of not showing any evidence of due diligence or feasibility indicators. On the other hand, Cala Corporation said in November that the Maltese government had been 'dragging its feet' and 'taking its time in coming to a decision'.
The project was to include a casino with around 100 table games and 800 slot machines and cover an area of about 60,000 square feet. Casa said last month that it had secured a 70 per cent financing agreement with Credit Suisse for the project.
© Copyright 2006 - MaltaMedia Online Network
Top of Page
| 
