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Last Updated on Tuesday, 1 December 2020, 17:39 by

Sleepin Hotel’s Carnival Casino has received its licence on Monday after submitting a fresh application to the Gaming Authority, ending a six-year long wait and the initial employment of 150 persons, hotelier Clifton Bacchus said Tuesday.

He explained that while the application was submitted recently, he had been engaging the Gaming Authority for about three months, providing that regulatory and licensing entity with copies of court orders, other documents and financial information. He said it was only after those were provided that he was informed that the Authority would be meeting to make a decision.

“This a sigh of relief after close to six years that the investment was lined up,” he told News-Talk Radio Guyana 103.1 FM/ Demerara Waves Online News.

The hotelier said new financial statements and other documents were submitted two weeks ago to the Gaming Authority and “they had a look it and so on and did not see any problem.”

Mr. Bacchus said investment in the hotel and casino amounted to about US$8 million. He explained that costs escalated about another US$1 million due to the need to reexport equipment, paying for licences that had not been granted and the maintenance of the building.

He said two weeks ago he started importing slot machines and other casino-related equipment to replace those that had been re-exported when it had become apparent that Carnival Casino would not have been granted a casino licence by the Authority under the then A Partnership for National Unity+Alliance For Change (APNU+AFC). “Within the last month, we have been bringing back,” he said, even as he said he was repaying bank loans.

Mr. Bacchus said he was relieved at the decision by the Gaming Authority, after having spent at least GYD$18 million in paying upfront for two licences in recent years. He said he would be dropping legal action against the Authority now that the licence has been granted.

Two related licences amounting to GYD$10 million are issued annually to casinos.

The five-member Gaming Authority was appointed about one month after the People’s Progressive Party Civic (PPPC) was declared the winner of the March 2, 2020 general elections. They are 1.Mr. Manniram Prashad- Chairman of the Board; Ms. Abena Moore- Director; Mr. Sase Gunraj-Director; Ms. Genevieve Blackman-Director and Mr. Mark Conway- Director

Mr. Prashad is a former Minister of Tourism, Industry and Commerce, Mr. Gunraj is a PPPC Elections Commissioner, Ms. Moore is Permanent Secretary of the Office of the President, Ms. Blackman is the Region Five Executive Officer and Mr. Conway is an Attorney-at-Law.

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The Sleepin International Hotel on Church Street in Georgetown can now officially open the doors to its casino after being granted full license by The Gaming Authority to operate.

The granting of the license has brought an end to an almost six year wait by the company.

Managing Director of the Sleepin International Hotel company, Clifton Bacchus told News Source this afternoon that he is excited and relieved with the granting of the license.

“This is a weight off my shoulder and I am very happy. The investment was there and even then we could not get through and we had to keep going back through everything again. But now we have the license and we are ready to begin operations with all the social distancing and other COVID-19 requirements in place”, Mr. Bacchus said.

He explained that with the granting of the license, he has already moved to hire 150 persons to begin working almost immediately. Many of them were already trained and have been waiting over the past few years to begin their jobs in the casino industry. The Managing Director explained that refresher training has started and he looks forward to building the brand.

Bacchus explained that his initial plan was to hire 300 persons, but he noted that the COVID-19 situation has forced the hotel and the casino to scale down the number of persons to be hired as the hotel and tourism industry slowly crawls back to operation.

The businessman who is currently looking at expanding the Sleepin brand outside of Guyana said the investment into the casino was a major one and he lost a lot over the past years as he waited on the granting of the license. He explained that he was forced to return some equipment and now he will have to bring those pieces back.

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The Sleepin International Hotel opened its doors in 2017 and had submitted a number of applications to operate a casino. Under the previous board of The Gaming Authority, there were multiple requests for information on the investors and funding for the project. Despite many pieces of information being provided, the license was still not granted.

A new Board was installed just after the change of Government in August and the company immediately moved to have its application examined again.

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Bacchus received notice of the granting of the license recently.