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Tag Archives: privatisation

Germany – The sale of the WestSpiel Group is now underway

A Europe-wide procurement procedure for the sale of the company shares in the WestSpiel Group was launched on December 18 under the management of Warth & Klein Grant Thornton AG Wirtschaftsprüfungsgesellschaft who will act as transaction advisor. As a state-licensed casino operator, the WestSpiel Group currently has 900 employees and four casino locations in Aachen,…

Philippines – Senate Minority Leader calls for government to cash in on PAGCOR’s ‘low-hanging fruits’

Senate Minority Leader Franklin Drilon believes that the coronavirus pandemic adds more weight to the argument that Philippine casino regulator and operator should sell its 47 casinos. He believes that privatising the sector would generate Php300bn for the government which could be used to finance the fight against the pandemic. Talking to CNN Philippines, Mr….

Tenerife – Tenerife Government could backtrack on casino sell-off

The governing council of Tenerife is looking into the future of three casinos on the island after the previous tender failed. The Minister of Finance, Berta Pérez announced that the council will open a process of “analysis” of the entire corporate public sector, which includes the three public casinos meaning that the casinos could well…

Philippines – Philippines Senate wants to revisit the privatisation of PAGCOR

Philippines Senate Minority Leader Franklin Drilon wants the Department of Finance (DOF) and PAGCOR to revisit the option of selling the Casino Filipinos and some of its satellite casinos. He said: “If we privatise our gaming industry and bid out through a fixed fee the privilege of operating PAGCOR, the gaming industry, including STL, would…

Germany – Westspiel tender to take casino total to six

The four state-owned Westspiel casinos in the German state of North Rhine-Westphalia are to be sold in a package with an option for an investor to open two more locations. The draft for the new casino law was adopted by the Cabinet this month. It now heads to an association hearing, marking the first step…

Tenerife – Tenerife to look at the options in casino sell off

The Socialist Party of Spain (PSOE) has reached an agreement with the Podemos (We Can) Party to analyse the possible alternatives to the sale of the three casinos in Tenerife planned by the local council. In the agreement, the two political parties agreed to jointly file a motion of censure against the ex President of…

France – Privatisation of the FDJ could be postponed until 2020

The privatisation of the Française des Jeux is unlikely to take place this year with a more likely possibility being early 2020, according to the chain of economic information BFM Business. Even if the decision to privatise part of the lottery operator is not called into question, the adoption of the PACT Act will be…

Germany – Privatisation could quadruple casino numbers in North Rhine-Westphalia

The planned privatisation of the state-owned casinos Westdeutschen Spielbank GmbH (WestSpiel) in North Rhine-Westphalia may lead to an increase from four to 16 casinos. The current national ban on online gaming may also then be subject to scrutiny. A new state gaming law would be required to enables these changes. At present, WestSpiel operates casinos…

Spain – Spanish union initiates legal action against Tenerife casino privatisation

The General Worker’s Union of Spain (UGT) in the Canary Islands has filed an administrative appeal in the courts in Santa Cruz in opposition of government plans to offer the three state owned casinos up for tender. The General Secretary of the union Gustavo Santana said in a statement that the appeal calls for the…