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BAHAMAS: After 40-year, nearly $3 billion in transactions career, Real estate legend launches Mario Carey Ventures

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By Diane Phillips

#Bahamas, March 3, 2021 – Many would have happily hung up their hat after a 40-year career with approximately $3 billion in transactions, but legendary Realtor Mario Carey has a better idea – the founder of the first international branch of Better Homes & Gardens is taking what he learned in one business and applying to a variety of others, combining visionary ideas with global expertise.

Carey announced the quiet launch of Mario Carey Ventures (MCV) this week in a press statement, more than two years after the concept was born and began to build momentum. Today it is involved in about one dozen projects ranging from new technology to social infrastructure like affordable housing and diversified farming, digital assets to resort development.

“Throughout my career, I kept envisioning business opportunities that were outside the real estate space,” said Carey. “At the same time, I was meeting people from all over the world and I realized that if I put the right team or teams together, MCV could provide opportunities that would promote nation-building, slow the brain drain and do what we have been talking about forever, diversify the economy.”

“I always remember that great Michael Jordan quote ‘Talent wins games but teamwork and intelligence win championships.’ If I wanted to go into the biotech space, for instance, or marine, I had to find people who would embrace the opportunity and share my vision that it had to benefit The Bahamas.”

Years of interacting with creative leaders, CEOs, celebrities and successful businesspeople paid off with Carey actively engaged in several high-level projects. But he was quick to recognized he needed someone as his chief global strategist and turned to Mark Shekter, co-founder and CEO of Think8 Global Institute.

Montreal-based Think8 has guided companies around the world to develop leadership, think creatively, advance solutions and drive ideas from thoughts to structured reality. The firm has worked with start-ups and multi-national corporations in sports, entertainment, energy, gaming, finance, retail and new technology. Think8’s innovative methodology is taught in University Masters Degree programs and national incubators to develop a new class of socially conscious entrepreneurs.

Carey calls Shekter “tough, but brilliant.” Shekter calls Carey “a true visionary.”

The match between Think8 and MCV works, says Carey, because it brings international experts along with Bahamian citizens and residents to the goal of advancing local opportunities.

“I am driven by the desire to raise capital and allocate human resources to monetize innovation and disruptive ideas that would diversify the economy, provide a reason for well-educated Bahamians to come home and find a place in their own country where they could succeed in a diversified economy.”

“The process of breathing life into good ideas is really what it is all about and not just one idea at a time, but allowing multiple ideas to blossom utilizing a baseline team overall and forming different teams with different skill sets for each concept. Mario Carey Ventures, or MCV, is, simply put, the launchpad from which ideas, solutions and causes move from seed to reality.

Carey, who was among only a handful of Bahamians to earn a university degree from Florida State University in real estate, said his practice exposed him to thinkers from all over the world. In recent years, being among the leading agents in high end markets like Ocean Club Estates, sports heroes, celebrities and management teams has reinforced his belief in what he calls “the hidden business ideas with the power to explode successfully.” MCV will help make that happen, he said, but with one caveat.

“Anything we touch has to have an element of nation-building for The Bahamas.”

Among the many concepts on the MCV table at its official launch are social entrepreneurship enterprises ranging from marine conservation to real estate funding in the affordable housing market.

His long years of networking are already attracting funding and expertise in biotech, digital asset maximization, Family Island development, and preservation and monetization of marine resources by capitalizing on existing potential where resources are plentiful and jobs are scarce.

MCV has also launched its own 501c3 charitable organization- Bahamian Prosperity Foundation- tapping into US tax deductible contributions for Bahamian causes. Carey cites as an example one of his program to provide some 42,000 hot meals to help ease the hunger problem during the pandemic, engaging the full support and dedication of his own staff and professionals at both Better Homes and Gardens MCR Bahamas Group and MCR, his luxury rental and property management company.

Known for his love of the sea and extensive deep diving, Carey has endorsed the concept of naming the waters the Lucayan Sea, backing the idea first proposed by former Royal Bahamas Defense Force Commander Captain Tellis Bethel, now serving in the role equivalent to inspector general for the uniformed law enforcement services.

“To protect something, it must have an identity and the concept of the Lucayan Sea, named in honour of the indigenous inhabitants of The Bahamas, is perfectly suited,” said Carey. “Naming our waters is a positive move that requires little on the part of any government, provides jobs with the expertise of cartography and mapping, opens historic, touristic and educational opportunities and can help unite us by paying tribute to a peaceful people while building pride in our waters.”

According to Carey, MCV has a strict code of conduct, stressing the core principles of trust, accessibility, and effectiveness.

“MCV is all about understanding where I can contribute the most to my country, fulfilling a lifelong dream of doing business that benefits the man,” he said. “we are excited about the next chapter.”

By Diane Phillips

Bahamas News

OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas News

BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas News

VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

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The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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