Originally published in fDi magazine February/March 2012
Larry Claunch probably has one of the world’s most breathtaking commutes into work. The American businessman, who moved to Fiji 10 years ago and owns four islands in the northern reaches of country, flies several times a month by private seaplane over the exquisite greenish-blue tropical waters for business meetings on Fiji’s main island, Viti Levu. While Mr. Claunch openly admits he loathes leaving his tropical island paradise for long periods of time, he’s pretty excited for the casino license that his company, One Hundred Sands, was granted by the Fijian government last December. It is the first gaming license the government has given and it means One Hundred Sands will hold the exclusive rights to operate up to three casino gaming facilities in two locations. The $290 million (Fijian) investment will break ground in March on Denarau Island—close to the country’s main airport in Nadi—and will include 2,700 square meters of casino space, 500 slot machines, 57 game tables and an exclusive 160 square meters high stakes gaming area. The luxury property—at the end of island that is also home to exclusive hotels like Sofitel, Hilton and Westin—will also include 190 hotel rooms and villas, a 1500 seat conference space, an outdoor amphitheatre, two pools, two bars and a nightclub. A second phase of the resort will add an extra 200 hotel rooms, golf course apartments and a themed water park. Read more