The MoneyHatch Newsletter, Edition 12

April 15th, 2025

Editor’s Note: Walking Away — Lessons from Las Vegas

In the late 1960s, Howard Hughes quietly bought up half of Las Vegas.

Hotel after hotel, parcel after parcel, he poured hundreds of millions into the Strip. For a while, it was great. He brought prestige, jobs, and a strange sense of order to a city known for chaos. But… almost everything depended on him.

When Hughes became reclusive and later passed away, Las Vegas entered a period of uncertainty. Projects stalled. Properties languished. And the local economy had to pivot quickly. Because when one man controls too much, all it takes is one absence to trigger collapse.

It’s a story worth remembering.

In The Bahamas, we’ve seen mega-projects rise and fall based on the vision of a single industry — tourism. It’s tempting to celebrate the capital, but if we don’t build local ownership, institutional strength, and industry diversity, we’re just gambling with a different deck.

A strong economy isn’t one entity deep. It’s built on many hands.

Warm Regards

The MoneyHatch Team

Bahamian Financial Updates

Economy News

1. Securities Commission of The Bahamas targets Ponzi and Pyramid Schemes in the Bahamas:

The Securities Commission of The Bahamas (SCB) is ramping up enforcement against unlicensed financial schemes, issuing two public warnings in just two weeks: flagging IncomeMax and Creators Alliance for suspicious activity that may be violating Bahamian law.