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Tag Archives: Tenerife

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…

Spain – Only one bidder emerges in Tenerife casino tender

Just one company has showed an interest in acquiring the share package of the three casinos owned by the Council of Tenerife. Although initially there were four business groups that signed up to find out more regarding the situation of the casino sell off the contracting authority is only analysing just one offer. The island’s…

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…

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…

Spain – Three Tenerife casinos now on sale in new tender

The three casinos in Tenerife have been put on sale and will be privatised under a new public tender. As reported in the islands official bulletin on Monday (September 24), the three casinos are now on sale for a total of €24.9m. The Council headed by Carlos Alonso explained that the resources obtained after the…

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…

Spain – Tenerife casinos accused of serious anomalies by local councillor

A number of serious infractions regarding the running of three public casinos the Playa de Las Américas, Casino Santa Cruz de Tenerife and the Casino Taoro have been reported by a councillor for the Podemos (We Can) Party Julio Concepción. Mr Concepción said that audits carried out on the casinos in the years 2012, 2013…