The Guyana Gaming Authority is explaining that it did not find favour with the Sleepin Hotel application for a casino license because the company did not provide enough information about its financial soundness.

In a Monday morning statemennt, the Directors of the Gaming Authority said they could find  no evidence upon which they could arrive at a determination that Sleepin International Hotel & Casino Inc. qualifies for the issuance of the licenses applied for, having regard to its failure to provide the Authority with documents evidencing its financial soundness and capability, one of the critical criteria for the granting of such licenses.

The Authority cited the “deficiency” as a grave defect   in   the applications, which it said “necessitates a refusal of the  applications for a Casino Operator’s License and a Casino Premises License, since the regulations Section 29 (a) (1) (c) speak clearly and specifically to the financial soundness and financial capability of the applicant.”

But despite that explanation, the owner of the Sleepin Hotel is crying foul and intends to submit a new application with all of the information that is needed.

In a statement, the Sleepin Hotel owner, Clifton Bacchus, said he was informed of the refusal of the license and the need for more financial information. He said he is now in the process of getting that information together and submitted to the Gaming Authority with a new application.

Bacchus’ swanky new Church Street Hotel has 150 rooms and work is almost completed on the construction of the casino. He has said that when the project is completed, it will provide jobs to over 300 people.

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