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Spain – Grand Casino Cartagena files for bankruptcy

By - 26 February 2014

Eight years after opening, the Grand Casino Cartagena, in the Mediterranean region of Spain, has filed for bankruptcy after a continuous decline in its revenues and visitors.

The casino’s owners; Grupo Gran Madrid, which also runs casinos in Torrelodones and Malaga, have filed for bankruptcy in the Mercantile Number Two of Murcia. The property’s turnover has fallen from €6.3m in 2009 to €2.3m in 2011, since when it has continued

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to fall. Before operating in its current location, the casino license was operated for at

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