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Fiji to invest in casino

Updated: 06 30 , 2017 15:51
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SUVA, June 30 -- The Fiji National Provident Fund (FNPF) was granted a casino license under Fiji's recently announced 2017/2018 National Budget on Thursday.

The casino will be at the Momi Bay Resort in Western Fiji.

Aiyaz Sayed-Khaiyum, minister for economy, said the casino license was exclusive to FNPF.

"The casino will then support the members of the fund. The FNPF will further diversify its portfolio and pull in higher returns for its 340,000 members, the ordinary workers of Fiji," the minister said.

Fiji has had several attempts to set up a casino earlier.

The business community was upset when the country's casino project had fallen over but was confident the government would get it right later as it was still alien a few years ago.

The tourism industry of the country has always said a casino will help Fiji compete on a global scale.

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