In the Month of February, over fifty seven employees were terminated from the Golden Princess Casino located adjacent to the Corozal Commercial Free Zone and ninety six were relocated to the mother Princess Casino, also located near the free zone.
Employees were terminated and management decided to close shop due to financial difficulties. The high cost of rent and moreover, the decrease of clientele from across the border, also contributed to the decision.
Tonight news reaching our newsroom indicates that the casino may be reopening soon under new management. Early this year, Grand Belize Entertainment Group announced its plans of building a world class casino resort and spa. Reports are that the group has been granted a gaming license and has secured the location of the former Golden Princess Casino. Grand Belize Casino Hotel has said that it plans to operate approximately five hundred slot machines, twenty table games, a brand new fifty-room hotel, over twenty thousand square feet of event space, and multiple first class food and beverage offerings.