Spain –Gran Casino Theatre Balear joins Mallorca tenderBy Phil - 23 August 2013
A third candidate has been named in the tender to secure the second casino on the island of Mallorca with a group of local businessmen presenting ambitious plans to bring a casino to the Palma Balearic Theatre.
The Gran Casino Theatre Balear SA would cost €10m and create 170 jobs. It would renovate the old theatre bringing a casino, bingo, conference, restaurants, bars and an auditorium to the space. The group behind the project say the location in downtown Palma in Rosello Olivar market Square mirrors the current trend for casinos in Spain to be located in city centres.
Following the Balearic Government’s approval of a new casino earlier this year, German company Merkur, and Nervion, the operator of the existing casino in Porto Pi in Palma, have both been named as interested parties. Merkur, who has casinos all over the world, wants to set up a gambling hall with 16 roulette tables and 120 slot machines in Bendinat castle. Merkur’s development would create 160 jobs with the casino opening in June 2014. Nervion meanwhile plans to invest €95m in building a 5-star hotel in Playa de Palma with a development that would include an arcade.
Once the licence is awarded, the chosen operator will have to put forward capital of €4.8m within a month of the award.