Tinian Entertainment Corporation, an investor in the Northern Marianas shut down Tinian Dynasty Hotel & Casino, has been granted a conditional casino licence.
The awarding of the licence by the Tinian Casino Gaming Control Commission is seen as the first step in a full takeover of Tinian Dynasty, allowing it to re-open by December.
Tinian Mayor Joey Patrick San Nicolas said the conditional licence is a godsend as it would speed the return of operations for the island's only economic driver.
The Tinian Dynasty has been indefinitely closed for months now.
Tinian Dynasty suspended its casino operations last September and then shut down all hotel operations in March.