Business

FTX good for Bahamas, good for Baha Mar, says president

The relocation of cryptocurrency exchange FTX’s headquarters to The Bahamas is a “big deal”, Baha Mar President Graeme Davis told Guardian Business, explaining that it has created global awareness for this country.

Davis said FTX and its partner in the Crypto Bahamas conference, global thought leadership and networking forum SALT, are currently working on the details of their contract for the 2023 conference.

Conference organizers hope not to leave a single room at Baha Mar unoccupied when the invitation-only event convenes on April 18-21 next year.

FTX has made many headlines this year, especially as it is being seen as the savior of the current bear crypto market, which has seen some crypto firms crash and burn.

“This is a big deal for the country without question. The relocation of FTX to The Bahamas. … I would certainly say it’s been a huge windfall for the country to have FTX relocate here,” said Davis.

“It benefits the entire country. It creates global awareness for the country to have FTX here. We are absolutely thrilled and excited to be hosting Crypto Bahamas 2023. We are working out the details of the contract with FTX and with SALT.

“The plan of course for Crypto Bahamas is to have the entire resort dedicated to Crypto Bahamas. We’re working closely with them to do that throughout 2023 and beyond, and we look forward to creating a very exclusive and highly successful event. 

“What they accomplished in such a short time in 2022 will only grow in its importance. It will grow in its b benefit to The Bahamas and of course at Baha Mar as well.”

Davis contends that Baha Mar has become the premier destination for conventions in the region and a possibly a top pick in the world. He said Baha Mar worked hard to pull the National Association of Television Program Executives (NATPE) annual get-together away from their annual Miami Beach gathering. He added that Baha Mar is trying to secure a deal with the group that would see them come back multiple times.

“We’ve been working very hard on that, and we are thrilled to be the host for NATPE 2023,” he said.

“And we’re certainly working beyond for multi-years with NATPE and that brings in tremendous exposure from television production executives from around the country and the region.”

He added, “The world-class facilities that we have with the world-class brands and the exceptional service that we deliver with the luxury of choice, makes us the premier destination in the region and I would say certainly globally as well.” 

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Chester Robards

Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian. Education: Florida International University, BS in Journalism

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