Casino Real Estate Auction in Jamaica Attracts Global Interest
The feedback has been great. For casino operators, it is a chance to buy a stake in one of the best known islands in the world.
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RSSChicago, IL (PRWEB) February 27, 2013
Since the announcement of a major investment real estate auction, potential land developers from around the world are rushing to acquire ideal casino real estate in Jamaica on which to break ground.
Last year after the Jamaican government passed sweeping legislation that permits the expansion of casino developments on the island, International Investment Auction recognized this immediate opportunity and the benefits it would provide to all parties involved. Now, as the April 29 auction draws closer, media attention and positive feedback have provided the perfect conditions to create a “Las Vegas of the Caribbean.”
Now that Jamaica has opened its doors to entrepreneurs, the island can move ahead with significant casino development. The $200 million portfolio includes 1880 acres in Paradise Park, 30 acres in Mamee Bay, 335 acres in Fustic Grove, and an expansive Golf Course. All of the development properties offer a host of exciting possibilities that professional auctioneer, Joel Langer, hopes will attract international investors.
For Jamaica, this is the ultimate opportunity to capture the rich tourism industry and attract and expand the gaming industry in the Caribbean. The response has been positive and far-reaching. Local news sources in the region have reported on the unique financial opportunity, and the Jamaican investment auction has also generated island-wide support.
According to Joel Langer, President of International Investment Auction, “The feedback has been great. For casino operators, it is a chance to buy a stake in one of the best known islands in the world.”
With the new casinos, Jamaica anticipates to be a development destination that will bring significantly more tourists to the country and jobs into the economy.
“The Government wants to deal with a consortium that can deliver on a large scale,” said auctioneer Langer. “This is a terrific opportunity for Jamaica and casino developers, and I am looking forward to assisting those developers in creating a unique addition to the island’s attractions.”
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About International Investment Auction
Joel Langer has been in professional marketing and auctioning for over 35 years. Joel founded International Investment Auction on the concept of providing a global audience the chance to invest on unique international properties. International Investment Auction enables the sale of assets to a global market and has had major success in driving investors to the Caribbean. Aside from creating a marketplace where buyers from around the world can bid on exclusive investments, International Investment Auction also has a strong dedication to charitable causes. The company plans to continue growing the real estate industry in creative ways around the world. For more information, go to http://www.internationalinvestmentauction.com
