BML Properties has announced the settlement of all litigation involving CCA Construction, CCA Bahamas and CSCEC (Bahamas), concluding a series of legal disputes that have spanned more than a decade.
The cases centered on disagreements that emerged during the final construction phase of the Baha Mar resort in Nassau.
The settlement follows an October 2024 ruling by the New York Supreme Court, which awarded more than $1.6bn to BML Properties in its claims against CCA and its affiliated companies.
According to BML Properties, the agreement fully resolves all remaining matters connected to these long-running disputes.
BML Properties Chair and original Baha Mar developer, Sarkis Izmirlian, said: "We are pleased to have put this matter behind us and reached a resolution that meets our expectations."
Izmirlian added: "The economic impact of Baha Mar will be felt for decades to come, and we remain proud to have been the visionaries behind this landmark development."
The disputes around Baha Mar began during the resort's final development stages, leading to complex legal actions filed across multiple jurisdictions.
The settlement ends all active proceedings between the parties, bringing closure to one of the most high-profile construction cases in the Caribbean's recent history.
The settlement comes at a time when broader regulatory and legal developments continue to shape the global gambling ecosystem.
In October 2025, India's Supreme Court agreed to hear a plea calling for stricter controls on online gambling and esports platforms, citing concerns over the enforcement gaps within the 2025 Online Gaming Act.
Last month, Baha Mar was recognised at the Global Gaming Awards, where the resort secured a category win highlighting its continued prominence within the international gaming and hospitality sector.
Baha Mar formally opened in 2017 and today operates three major hotel brands, a casino, and a range of entertainment venues
