Jocs SA’s bid won over projects pitched by international gaming corporations, including Malaysian gaming and hospitality giant Genting Group, which had submitted the most expensive plan. The company had expressed interest to build a €140 million casino complex in the tiny Southwest European nation, locaed between Spain and France.
Jocs’ project is far less ambitious in terms of total investment, but analysts pointed out that the fact the company is 100% Andorra-owned was among the factors that helped it win over its competitors.
CRAJ opened the bidding process for the construction of a land-based casino last July. It received as many as 13 bids, which it reviewed and evaluated in order to select the one that would best match the nation’s economic, tourism, and gaming landscape. The regulatory body announced the winning project at a special event yestderday (Wednesday).
Aside from the winning company and Genting, French groups Barrière, Partouche, Reinau, and PVG Casinos, Spain’s Cirsa, Russia’s Mercury SA, and Casinos Austria were the other bidders for the sole casino license. Novomatic will be the technological partner of the project.
Being selected as the winning bidder, Jocs will now have 15 days to submit its application for the gaming license. CRAJ is then expected to issue that license within two months.
Source: GMB / Casino News Daily
