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Italy – Casino de la Vallée could be sold

By - 12 September 2016

The Valle d’Aosta region is evaluating the effects of privatising Casino de la Vallée in Saint Vincent.

The Casino of Saint-Vincent reported a loss of €18.5m in 2015 from total revenue of €69.2m, up about €1m compared to 2014. The casino, which opened on March 29, 1947, was incorporated as the Casino de la Vallée SpA in 2002. In 2010, the company Casino de la Vallée SpA incorporated the company STV Spa., Owned by the Valle d’Aosta Autonomous Region, the company now has more than 830 employees.

The Councillor for Finance of the Region Ego Perron said: “The privatisation of the casino is not taboo but it has to be a happy choice that politics must examine and it must still be a profitable choice for the region. The choice must be made with great caution. We are in the process of evaluating but there is no decision one way rather than another. ”

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