By decree signed by Governor María Eugenia Vidal, Boldt’s licence will now run until December 31 due to the fact “that the process of approval of the bidding process is still in progress.” The company operates 2,600 slot machines in the province.
The extension, according to the decree, is in the public interest as it will guarantee jobs during the licensing process while safeguarding government revenue for social welfare programmes. As a result, Boldt’s licence will not end until the new licensing process has been completed.
Under current rules, operators of the slots of the Buenos Aires casinos are left with around 55% of the net win generated by slot machines. The province receives the remaining 45% of this but must pay for maintenance, salaries and uniforms as well as services and security.
Eight companies have so far expressed an interest in taking part in the upcoming licensing process for the slot machines in the casinos. According to local daily La Nación, Codere, Enjoy and Boldt are amongst the companies that have bought the terms and conditions in return for $500,000 with companies based in Paraguay and Brazil also taking part.
Source: GMB / G3 Newswire
