Casino operator Best Sunshine International (BSI) is trying to get ahold of $550 million to complete the Grand Mariana Casino and Hotel in Saipan, local media has reported.

Edward Deleon Guerrero, executive director of the Commonwealth Casino Gaming Commission, told Post Guam that Best Sunshine is “seeking the approval” of SC Lowry, Standard & Poor, Morgan Stanley for the much-needed funding to finish the casino.

Deleon Guerrero said the financial institutions have already inquired about the local casino industry “to try to understand the regulatory process of the commission, as BSI is trying to secure funding for the completion of Grand Mariana.”

The executive director noted that the banking institutions are looking at a $400 million funding for the unfinished casino resort.