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August 2016    Download the Entire Issue (PDF) Vol. 31, No. 8   RSS Feed for Undercurrent Issues
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The Kosrae Resort Raffle Result

from the August, 2016 issue of Undercurrent   Subscribe Now

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A man from New South Wales, Australia, tax accountant Josh Ptasznyk, 26, has won the Kosrae raffle and for the price of a $49 raffle ticket will be the new owner of a 16-room Pacific island Kosrae Nautilus resort and dive center in Micronesia.

It comes with two dive boats, five cars for rental, and two 10-seat passenger vans. His ticket was number 44,980 and he was one of 50,000 people from over 100 different countries to buy tickets.

Doug and Sally Beitz had owned the resort since 1994 and decided to raffle their resort and home rather than sell it in the "normal really boring way." They set a reserve of at least 50,000 tickets to be sold but easily surpassed that by selling 75,485. We estimate the total revenue raised to be $3,698,765. ...

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