Little-known Macau, Shanghai and Singapore-based investment firm Alter City Group has reportedly teamed up with CSCEC ( China State Construction Engineering Corporation) the mainland’s biggest builder, to propose a 300,000 square metre integrated resort on the island in the south Pacific’s Marianas chain, just south of Saipan.Īlthough tiny Tinian is not even 15 percent the size of Shanghai in terms of area, its proximity to the mainland’s commercial centre, and its willingness to license casinos, has Alter City and CSCEC optimistic about the potential for a tropical gambling mecca, according to an account in Saipan-based publication Marianas Variety. Yet.Īnalysts in New York, Sydney and London are already talking about how a surge in core real estate values will drive new waves of Chinese investment into emerging markets, and now mainland capital is said to be building a $1.2 billion casino on the tiny Pacific island of Tinian. Saipan is just four and a half hours from Shanghai.
