Former Las Vegas Sands Corp president Bill Weidner has been chosen to operate a new US$3.5 billion (MOP28 billion) gaming resort in The Bahamas. Baha Mar will be managed by Mr Weidner’s Global Gaming Asset Management LLC, our sister publication Business Daily reports. The resort is being majority-funded by the Export-Import Bank of China – a state-owned Chinese institution – and is due to open in December 2014. Another equity partner, with US$1 billion, is Sarkis Izmirlian, chief executive of Baha Mar Ltd. Mr Weidner, who helped develop The Venetian Macao while at Las Vegas Sands, also has an equity stake in the US$1.2 billion Solaire Resort & Casino in the Philippines, and is pursuing a gaming resort licence in Matsu in Taiwan. Las Vegas Sands is parent company of Macau-based Sands China Ltd.
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