SÁB 11 DE MAYO DE 2024 - 08:48hs.
Nine firms are interested

Leading international groups enter race for Andorra’s casino licence

Nine international business groups have put forward bids for the new casino licence in Andorra, including Cirsa (Spain), Genting (Malaysia) Sithel (Luxembourg) and French companies Partouche and Barriere as well as a group made up of local business people.

The deadline to submit offers to manage the single Andorran casino ended Last Tuesday (October 31st). Envelopes will be opened officially today (November 7th), revealing the contenders for the new licence while at the beginning of December the government will reveal the amounts bid by the interested parties. 

The new casino will be small but a minimum investment of 10 million Euros will be required. Although the envelopes have yet to be opened there has been considerable speculation in the press over which companies are interested in investing in the new project.

Last week (October 30) Grup Cierco and Groupe Partouche said in a statement said that they had set up an Andorran company, called Comella 11 Casino, and had submitted a proposal to the Andorran Gaming Control Board (CRAJ).

Cirsa is also among the potential candidates according to press. The company told news portal Economía Digital that they have submitted an offer but did not reveal who their partner in the project would be. According to sources, the casino would be located in the municipality of Escaldes.

Genting it is also believed to be looking at investing in the same area. A number of other internationally well-known operators are also believed to be interested in the licence but have so far issued no official word.

In July, the Council of Ministers for the Principality of Andorra approved the specifications to tender a casino license. CRAJ will award additional points if it is located in the most popular tourist zones. The future casino must have a minimum area of 2,000 square meters for the public and have a minimum of 100 parking spaces.

The project must have at least one gaming machine room with a minimum of 150 gaming positions, a traditional table room with a minimum of 50 gaming positions, a poker room, a live betting room and a multipurpose room for shows and conferences. The licence will be for a minimum of 10 years and a maximum of 20.

Source: GMB / G3 Newswire