{"id":9148,"date":"2025-05-22T23:58:33","date_gmt":"2025-05-22T23:58:33","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/22\/cwc-starts-827m-overhaul-of-grand-lucayan-after-120m-deal\/"},"modified":"2025-05-22T23:58:33","modified_gmt":"2025-05-22T23:58:33","slug":"cwc-starts-827m-overhaul-of-grand-lucayan-after-120m-deal","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/22\/cwc-starts-827m-overhaul-of-grand-lucayan-after-120m-deal\/","title":{"rendered":"CWC Starts $827M Overhaul of Grand Lucayan After $120M Deal"},"content":{"rendered":"<div>\n<p>Concord Wilshire Capital (CWC), a U.S.-based developer, has wrapped up a $120 million deal to acquire the Grand Lucayan Resort and the nearby Reef Golf Course in Grand Bahama. The acquisition covers 56 acres of beachfront land and a 160-acre golf course and marks the start of an $827 million redevelopment.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>New cruise port planned for 10,000 daily passengers.<\/strong><\/em><\/li>\n<li><em><strong>80% of jobs during and after construction must go to Bahamians.<\/strong><\/em><\/li>\n<li><em><strong>Redevelopment includes hotel, casino, golf course, and marina.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>CWC plans to turn the area into a multi-use resort village featuring a 36-acre cruise ship port, a Greg Norman-designed golf course, a 25,000-square-foot casino, and a branded hotel with 350 rooms. The project also includes 120 residential and timeshare units and an 18-slip marina.<\/p>\n<p>Demolition of current structures is scheduled to begin immediately, followed by construction. The cruise destination will be open to all cruise lines and include themed zones with dining, beach clubs, and family-friendly attractions.<\/p>\n<p>Speaking during the signing ceremony on May 15, Bahamian Prime Minister Philip Davis said the agreement marks a major shift for Grand Bahama. <em>\u201cIt\u2019s time to turn the page on hardship, to leave heartbreak behind,\u201d<\/em> he said. 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CWC board member Thomas Dean called the plan <em>\u201can adventure and experience like no other.\u201d<\/em><\/p>\n<p>CWC President Nate Sirang emphasized the wider impact: <em>\u201cBy reimagining and redeveloping this entire resort, we\u2019re not just creating a destination, but we\u2019re reigniting tourism, generating local jobs, fueling the local economy and crafting a legacy.\u201d<\/em><\/p>\n<p>The financing will follow a modular structure. Each resort feature will be independently funded and paired with its own brand partner. CWC\u2019s Richard Bosworth said this approach aims to support sustainability and long-term success.<\/p>\n<p>Cruise Ship Resorts executive Adam Petrillo confirmed that all current resort employees will be retained during the transition. He also pointed out that the redevelopment will provide both direct employment and support for related industries.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Peter Hunt of Port Lucaya Marketplace welcomed the project\u2019s focus on local culture. <em>\u201cWe are excited to be a part of the rebirth and transformation of the Grand Lucayan Resort into a vibrant village resort with a sense of place,\u201d<\/em> he said.<\/p>\n<p>Prime Minister Davis concluded that the redevelopment fits into a broader recovery effort for Grand Bahama. <em>\u201cJobs, infrastructure, healthcare, opportunity, and most of all \u2013 dignity. That\u2019s what matters. That\u2019s what lasts,\u201d<\/em> he said.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/cwc-starts-827m-overhaul-of-grand-lucayan-after-120m-deal\/\">CWC Starts $827M Overhaul of Grand Lucayan After $120M Deal<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Concord Wilshire Capital (CWC), a U.S.-based developer, has wrapped up a $120 million deal to acquire the Grand Lucayan Resort and the nearby Reef Golf Course in Grand Bahama. The acquisition covers 56 acres of beachfront land and a 160-acre golf course and marks the start of an $827 million redevelopment. Good to know New [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9148","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9148"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9148\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}