Tag Archives: Mendoza Central Entretenimientos
Argentina – Century buys into Mendoza Central Entretenimientos
Century Casinos has acquired a 7.5 per cent stake in Mendoza Central Entretenimientos S.A. for US$1m and has secured a three-year option to increase its stake in MCE to 50 per cent at a price equal to five times MCE’s EBITDA, minus MCE’s debt. MCE has the exclusive long-term concession agreement with the Provincial Institute…
Argentina – Growing controversy over Mendoza slot contract
The Institute of Gaming and Casinos of the province of Mendoza has renewed its contract with Mendoza Central Entretenimientos (MCE) for a further eight years. The company provides slot machines for the state owned casino located in downtown Mendoza in return for which it receives a percentage of revenue. Both parties originally signed the contract…
