Resort developer and operator Genting Group has revealed details of its plan to invest €105 billion in a casino resort in Andorra, a small European nation located between Spain and France.
The plan is part of Genting Group’s application for the sole casino license up for grabs in Andorra. The government closed the bidding at the end of October last year with nine business groups submitting bids, including Spanish casino operator Cirsa, Luxembourg-based Sithel and French companies Partouche and Barriere as well as a group made up of local businesses.
Genting’s application for the license was through the Genting SA consortium, which also includes gambler David Gray, leisure specialist Mark Vlassopulos and local businessman Marc Giebels van Bekestein.
The details of Genting’s plan includes a complex filled with entertainment and dining options. There will be concert and exhibition halls to host events, retail space, partnerships with local restaurants and more as part of a vast development project. The casino area will occupy at least 21,000 square feet, which is a requirement set out by the Andorran government.
Concerns have been raised over construction of the project in the Clot d’Emprivat area over residential buildings that could be affected. This could be problematic for Genting as Andorra’s gaming regulator has prioritised the immediate availability of land for the resort as an important factor.Click here to read the full article.