The first casino in Cape Verde will start operating within 21 months on Sal Island, under the terms of a gaming and gambling concession and exploration contract signed Friday by the archipelago’s government and Royal Casino, the Cape Verdean press reported.
The casino on Sal Island is expected to cost 5 million euros, and the overall project to cost 66 million euros. The concession contract gives Royal Casino a 25-year exclusive concession.
Cape Verde’s Tourism, Industry and Energy Ministry, Humberto Brito, said that Royal Casino would be subject to strict rules, “very restricted, controlled and supervised,” in order to prevent illegal gambling.
The minister announced that the government was negotiating gaming and gambling licenses in other areas, namely Santiago Island, where contracts are due to be signed with interested investors.
Since 2012 Cape Verde has had three gambling areas on three islands: Sao Vicente, Santiago and Sal.
The Cape Verdean government considers the introduction of gaming and gambling in Cape Verde to be a factor that will drive demand for the archipelago as a tourist donation, creating new business opportunities for the companies operating in this sector, either directly or indirectly. (macauhub)