A new law has been passed that will expedite the development of actor Robert De Niro’s Caribbean resort and casino.
De Niro, with the help of his Australian billionaire BFF James Packer, plans to build a $250 million Caribbean resort and casino, which includes a five-star boutique hotel, high-end eco-lodge, a marina with jetties for luxury yachts, a casino, and an airport for executive jets. The project will be located at the K Club site and will occupy 391 acres of the undeveloped land in Barbuda Island.
The “Paradise Found” bill, which provides De Niro and Packer with a 25-year tax holiday in exchange for developing the project, was passed by the Antigua and Barbuda legislature on November 18, hours after it was introduced.
The plan, although is expected to bring hundreds of jobs to the area, is facing opposition from some of the locals and lawmakers.