Casinos de Angola company invests US$55 million in gaming and entertainment

3 June 2010

Luanda, Angola, 3 June – Angolan casino company, Casinos de Angola plans to invest US$55 million over the next three years in opening three new casinos and refurbishing another, the company’s communications director said Wednesday in Luanda.

Tiago Vilela de Sousa told Portuguese news agency Lusa that most of the outlined investment would be used to open a 5,000 square-metre casino in the Gika complex in Luanda, which will have a theatre and two restaurants, as well as the gaming area.

The investments also includes the already opened Casino Olimpia, in the city of Lubango, Huíla province, refurbishment of Casino Tivoli, one of the oldest in the Angolan capital and the application of US$7 million in the casino that will be part of a hotel that is under construction in the port of Luanda.

With this investment, Casinos de Angola, which is the holder of the gaming concession in Angola via Plurijogos, Vilela de Sousa said, increase from 650 workers currently to 1,500 workers, 98 percent of whom will be Angolan citizens.

Casinos de Angola owns the vast majority of gaming venues in the country, namely the Marinha and Tivoli casinos, in the city of Luanda, where it also owns the Imperador gambling house with ten stores across the capital, as well as Casino Olimpia, in Lubango. (macauhub)