Formerly known as BCN World, the massive development due to be located around 60 miles south of the Catalonian capital city could now house up to two casinos with Melco Crown Entertainment Limitedreportedly competing with Hard Rock International for one such gambling license while the second is being coveted by local firm Grupo Peralada in partnership with Malaysian giant Genting Group.
According to a report from G3 Newswire,Catalonia is already the home of four casinos while the potential Tourist And Recreation Complex gambling operators, which have been required to deposit bonds each worth around us$ 2.6 million, are now set to be given up to three months to present their final development proposals.
Construction of the Tourist And Recreation Complex is reportedly scheduled to start in the summer with Oriol Junqueras, the autonomous region’s Vice-President, revealing that approximately us$ 2.6 billion will be spent on the entire project although gaming activities are to occupy only 4% of the total floor space.
The Catalonian government has moreover released the results of an economic study into the coming Tourist And Recreation Complex conducted by the Universidad Rovila I Virgili De Tarragona. The examination reportedly found that the development could create some 12,000 direct jobs and see up to five million new tourists visiting the area by 2019 contributing an extra u$s 1.2 billion a year into the local economy.
Source: GMB / Worldcasinodirectory.com
