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Baha Mar goes under

DEVELOPERS of a mega-resort in the Bahamas have declared bankruptcy in the United States, blaming its Chinese construction firm for missing key deadlines. Valued at US$3.5 billion, the resort features four hotels and a total of 2,323 rooms, a casino, convention centre, golf course and some 40 restaurants & bars. The resort has missed two dates on which it has planned to open, first in Dec 2014 before it was initially rescheduled to Mar 2015. Legal action to recover lost revenues from the delays may ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 30 Jun 15

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