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Hamilton Princess makes casino bid

The Hamilton Princess Hotel & Beach Club has made a play to become Bermuda’s first integrated casino resort.

And the Bermuda Casino Gaming Commission has announced that the hotel will make it’s presentation to the commission in a public meeting in September.

Alan Dunch, chairman of the Bermuda Casino Gaming Commission, confirmed yesterday that the hotel had submitted a “substantially completed” application for a casino facility.

“The application provides the detailed plans to develop a casino within the Hamilton Princess and Beach Club,” a release issued from the BCGC said.

Mr Dunch called the application a “landmark event”.

“We feel that this is an important step towards realising the public policy goals of the Casino Act, by increasing employment and investment in Bermuda, as well as enhancing the tourism product,” he said.

“I also want to thank the staff of the BCGC and the Princess for working the many long hours necessary to get us to this point.”

The statement described the application as “fully funded”, noting that the project will be presented to the BCGC for approval at 2pm on September 22 at the Bermuda Underwater Exploration Institute, with the public able to attend.

Further details about the casino presentation are expected to be released at a later date. The casino licencing application process was approved by legislators earlier this year, despite concerns that the price tag for a licence was too high, with the first “window” for applications opening in April.

Under the Bermuda Casino Gaming Act 2014, the commission can approve up to three provisional casino licences, in addition to the provisional licence granted to the developer of the St Regis hotel project in St George’s.

According to the application process, a $600,000 application fee must accompany all applications, while a $1.4 million provisional licence issue fee is payable by applicants awarded a provisional licence.

Those making it through to the final stage will then be subjected to a further $1 million casino licence issue fee.

The Hamilton Princess last year became one of the first resort properties to be named a “designated site”, making it eligible to apply for a casino licence.

It was revealed earlier that this year both the Fairmont Southampton and the Morgan’s Point hotel had applied for site designation.