Prime Minister Gaston Browne on Pointe FM (screenshot)
Under the stewardship of the Barrett Group of Companies, Jolly Beach Resort is reporting over 4 million dollars in profit this year. That’s what Finance Minister and Prime Minister Gaston Browne said on Saturday night.
The Barrett Group has been managing the hotel for the past three years.
Listen to what PM Browne said:
They had to, does anyone how cheap they pay the staff? Next to nothing
I know the PM has been lobbying for better pay for hotel workers so hopefully that low wage issue is a thing of the past and that they get to keep their tips as well
So the math does NOT math. From the article published on July 26th it stated that “The Rob Barrett Group of Companies, under the Elite Island Resorts brand, has already invested approximately USD $5 million in refurbishing the resort. Of that investment, USD $3 million has been repaid from profits generated over the past two and a half years—leaving an outstanding balance of just USD $2 million.” then it further states that ” The resort has already proven financially viable, generating between USD $1.5 to $2 million in annual profit,”.
So a month ago the resort was showing 1.5-2m annual profit and still owes $2m on the Barrett Group debt then there is no profit being made. Then Gaston and these Antigua news coons are so quick to fleece the Antiguans that they are claiming $million in profit and can only be in ECD which is still about 1.4m US, and now enough to cover the debt owed to that one group, much less the other investors. This property is NOT making a profit, has been used to hide illegal transactions and now being setup to steal from SS to cover more illegal activities and CIP to convicts, criminals, and pedophiles! This is unreal
We keep hearing about profits, but what about the debt and ongoing challenges? Let’s see the full picture.
Life’s good
I mean under the Barret Group it’s a plus. But what will be going back into social security?
Let’s see how this channels out
We have to keep and opened mind. About this and othet plans. Can’t be living in a box. Think outside the box