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Andorra first talked about gambling in 2016, when created the legal framework necessary to manage the nascent casino industry.
Now Andorra is set to announce the winning bidder for the principality’s first land-based casino by the end of June. A total of 13 proposals from 9 gaming operators have been submitted during the bidding process. The winning bidder will be issued a license with a maximum duration of 20 years. The license will allow for the construction of a gaming resort. The property will have to be of minimum investment of €10 million.
Genting Group, a Malaysia-based tourism and gambling company, has submitted a massive bid of $164.6 million to obtain the first casino license in Andorra, the tiny mountainous independent principality between Spain and France.
Genting has proposed an integrated resort project for Andorra that would create 400 permanent jobs and 600 temporary construction jobs. The project would offer two floors of private rooms and suites, a spa and a “gastronomy market.”
Genting currently owns 43 licenses in the UK. It operates the Resorts World Birmingham, worth approximately $201.5 million. The Andorra casino resort would be the company’s first on continental Europe.
