Tag Archives: Privitisation
Germany – Race to own Westspiel Group now down to three companies
The sale of the state-owned gaming group Westspiel is now down to three bidders who will now put forward their specific offers, according to the Ministry of Finance. The 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…
France – National Assembly approves privatisation of FDJ but state will retain 20 per cent
The National Assembly in France has approved the privatisation of the Française des Jeux.although the Minister of Economy and Finance, Bruno Le Maire, confirmed that the state would retain at least 20 per cent of the capital of the company. The deputies adopted the move by 48 votes for and 12 against approving the bill…
Spain – Tenerife union moves against privatisation of state-owned casinos
Workers for three state owned casinos in Tenerife have come out in opposition of government plans to offer the casinos up for tender. In a unanimous decision workers from the three casinos that are currently run by the council have agreed to take action against the move as reported by the General Worker’s Union of…
Spain – Tenerife Government to sell off three casinos
The local council (Cabildo) of Tenerife is planning to sell three casinos in September with bidders needing to invest in other tourism related projects, as part of the tender. The winner will also need to guarantee job security for state employees for a period of two years. Juan Carlos Perez Frías, Director of the Council…
Spain – Tenerife’s state-owned casinos should not be privatised
Councillor from the Podemos (We Can) Party Julio Concepción has said that the casinos on the island of Tenerife were still making a profit despite the efforts of the present government to dismantle them. According to Concepción, the three casinos will report a profit of €2.1m this year adding that profits would have been much…
Uruguay – Strikes in Uruguay over ‘secret privatisation’
Uruguay’s National Federation of Gaming Workers went on strike for 24 hours in response to a new gaming law which is currently being debated in Uruguay which union leaders claim is being used to completely “secretly privatise” the gaming industry. According to the draft of the new law, the government seeks to create a new…
Italy –Venice lays down privatisation timescale
The City Council of Venice has agreed to sell its casinos with the goal of achieving new management through a public tender by the end of the year. The City Council has already approved the proposed resolution granting the service management of the Casino of Venice. It will be examined by board members by the end…
Greece – OPAP asset sale set for September conclusion
Czech-Greek company Emma Delta, which plans to buy 33 per cent of the Greek state-owned gambling group OPAP for €652m, has said the deal will still go through despite media reports that the privatisation programme could be stalling. The Greek-government is looking to raise much needed money by selling the stake. Newspaper reports suggested the…
