The Tinian Dynasty Hotel and Casino in the Northern Marianas is set to shut its operations this month due to a lack of guests and cash flow following Typhoon Soudelor.

Hong Kong Entertainment (HKE) Chairman Wai Chan, the new owner of Tinian Dynasty, wrote a letter to Tinian Mayor Joey Patrick San Nicolas stating that it was “with great regret that we must inform you that complete closure of the Tinian Dynasty Hotel & Casino is imminent.”

Chan’s letter went on say that “insufficient guest arrival and negative cash flow has made it impossible to keep the property operational. All of our remaining operating resources will soon be exhausted. We do not have the necessary capital resources of business revenue to sustain the hotel. We are currently operating at a significant loss and we cannot afford to do so any longer. Our operating funds will be exhausted in a matter of weeks and we now anticipate that the hotel will be closed before end of September.”

Former Sen. David Cing, one of the people who pushed to bring Tinian Dynasty to the island 17 years ago, said he is both sad and disappointed with the Marianas’ government as they failed to preserve Tinian’s only source of income.