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Rum Cay Casino Plan Expected to Finalize

Positioned on 900 acres of pristine Carribean property, Rum Cay has always offered the opportunity to own your very own private island paradise. Now, as top Bahamian developer Montana Holdings Ltd. is moving closer to finalizing a deal that will bring a new marina, beachfront condos, and possibly a full-fledge gambling casino, investors are rushing to purchase the final 100 beach front lots.

The Rum Cay experience offers a variety of residential and beachfront plans including brilliantly planned amenities, luxurious marina condominium townhomes, stunning ocean villas, ridge estates, a new marina, and spacious lots. In a recent press release, Montana Holdings announced a possible deal that could bring gambling to the island as soon as 2008 as well.

Rum Cay Resort Marina and Casino is being developed by Montana Holdings, a Nassau-based international real estate investment and development firm. Montana Holdings has assembled an internationally renowned team of professionals to create one of the most distinct destinations in the Caribbean.

RockResorts International, a wholly-owned subsidiary of Vail Resorts (NYSE:MTN), has been selected to operate the luxury resort hotel/casino and residence club, as well as the signature spa through its high-end spa brand, Avanyu. In addition to operating the resort and spa, RockResorts will continue to advise Montana Holdings on a variety of aspects of the development, and will operate the Homeowners’ Association, certain private membership clubs, as well as other components of the resort.

The completion of a 40,000 square foot gambling center located at the heart of the plantation should be the icing on the cake. According to one investor, "I don't really care to much for gambling, but I think the whole project will bring the economic security the island needs."

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