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Court Ordered Banco di Caribe to Open Account for Princess CasinoPhoto: 24ora
BusinessAruba

Court Ordered Banco di Caribe to Open Account for Princess Casino

Source: 24ora·52 minutes ago·Aruba·1 min read

Princess Leisure Aruba, the operator of Princess Casino formerly located at Embassy Suites by Hilton Aruba Resort, won a civil court case in summary proceedings (kort geding) against Banco di Caribe (Aruba). The court ordered the bank to open a bank account for the casino operator, a ruling that came before the casino ultimately closed. The case highlights the difficulties businesses can face when banks refuse to provide financial services, a issue that has been particularly acute for cash-intensive industries such as gaming. The legal victory was notable, as courts in such jurisdictions rarely compel financial institutions to take on clients they have declined. Despite winning the court order, Princess Casino has since ceased operations at the Embassy Suites by Hilton Aruba Resort location. The outcome raises broader questions about banking access for casinos and the gaming industry in Aruba.

Key Facts
  • Princess Leisure Aruba won a civil kort geding case against Banco di Caribe (Aruba), forcing the bank to open an account for Princess Casino.
  • The court ruling was issued before Princess Casino ultimately closed its doors at the Embassy Suites by Hilton Aruba Resort.
  • The case spotlights ongoing banking access challenges faced by gaming and cash-intensive businesses in Aruba.
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