Andorra company jocs sa wins casino license bidding process - PetrinoInfo

Andorra company jocs sa wins casino license bidding process

Andorra company jocs sa wins casino license bidding process

Andorra company jocs sa wins casino license bidding process

Andorran company Jocs SA has been selected as the winning bidder for the construction of a €15-million casino in the nation, the local gaming regulator, Consell Regulador Andorrà del Joc (CRAJ), confirmed yesterday.
The company’s bid won over projects pitched by international gaming corporations, including Malaysian gaming and hospitality giant Genting Group. Genting had submitted the most expensive plan. The company had expressed interest to build a €140 million casino complex in the tiny Southwest European nation, snuggled between Spain and France.

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Jocs’ project is far less ambitious in terms of total investment, but analysts pointed out that the fact the company is 100% Andorra-owned was among the factors that helped it win over its competitors.

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CRAJ opened the bidding process for the construction of a land-based casino last July. It received as many as 13 bids, which it reviewed and evaluated in order to select the one that would best match the nation’s economic, tourism, and gaming landscape. The regulatory body announced the winning project at a special event on Wednesday.
Aside from the winning company and Genting, French groups Barrière, Partouche, Reinau, and PVG Casinos, Spain’s Cirsa, Russia’s Mercury SA, and Casinos Austria were the other bidders for the sole casino license.
Being selected as the winning bidder, Jocs will now have 15 days to submit its application for the gaming license. CRAJ is then expected to issue that license within two months.

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Details about the Winning Project
As mentioned above, Jocs is planning to build a €15-million casino complex. The company has said that its project will create over 160 jobs. In its submission to the local gambling regulator, Jocs has said that the property would be able to annually attract 200,000 international visitors and to contribute over €90 million to Andorra’s economy.
As mentioned above, the winning bidder features 100% Andorran capital, which is believed to have helped it win over its competitors in the bidding process.
The casino will be built in the capital Andorra la Vella and will occupy a 6,400-square-meter site on Prat de la Creu Street. It will feature its own parking facility with space for up to 80 vehicles.

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The casino will be part of a four-story building. The whole complex will also include two underground floors. Aside from the gaming floor, it will feature an event center as well as multiple food and beverage facilities.
Jocs has revealed that it has partnered with cocktail master Javier de las Muelas of Dry Martini to participate in the creation of attractive offering for its casino’s visitors. More such partnerships will be announced in the months to come.
Austrian gaming giant NOVOMATIC will provide the technology for the gaming floor, it has also become known.
The casino complex is expected to be completed and launched by the end of 2020.