Cape Verde now has three gambling areas on three islands

22 October 2012

Cape Verde now has three gaming and gambling areas, on the islands of São Vicente, Santiago and Sal, following the government’s approval of the provisional awarding report for three operators, Cape Verdean weekly newspaper A Semana reported.

The newspaper also said that the concession contracts were due to be signed over the next few days and that the casinos could start operating within three months, although negotiations are still underway about the terms of the agreement. The contracts for the casinos will need to be signed by Tourism, Industry and Energy Minister, Humberto Brito.

“The representatives of the three winning proposals – Fortim Mindelo (São Vicente), Fortim Mindelo (Santiago) e Casino Macaronésia (Sal) – have met with representatives of the Gaming General Inspectorate and with the ministry responsible to set out the details of the concession contracts,” said a source cited by the newspaper.

According to A Semana setting up Casino Macaronésia at hotel “Odjo d´Água”, in Santa Maria, on Sal Island, seems to be furthest ahead. This project involves investment of over 13 million euros by a Spanish company managed by Raul Ordonio Varone and Andrés Arroio.

The casinos’ owners, according to the Gaming Inspectorate website, are expected to get involved in projects to support social integration of children, teenagers and young adults at risk and channel 1 percent of their annual gross revenues from the gaming areas to drive tourism and cultural activities. (macauhub)