Connect with us

Latest News

Hard Rock Completes Payment Bond for Casino Resort in Catalonia

Niji Ng

Published

on

Photo credits: yandex.com
Reading Time: 2 minutes

Hard Rock International, a Florida-based gaming and hospitality company has completed the financial part of the deal with the Government of Catalonia to build and operate an integrated resort at the province.

Damià Calvet, head of the Catalan Department of Territory and Sustainability, said that Hard Rock completed its payment bond on Friday, which is within the previously set deadline.

Hard Rock’s payment bond is worth €10 million, out of which €3 million was required to deposit last year when it entered the competition for the construction of an integrated resort in the Tarragona province. The operator completed the bond payment by paying to remain €7 million on Friday.

Hard Rock now has three years to complete its major project. It is believed that the company will break ground on the complex before the summer of 2019. According to government estimates, the resort could generate 11,000 new jobs, both indirect and direct.

Commenting on the massive project, Mr. Calvet said that it would help Tarragona turn into a globally popular tourism destination. He further explained that despite previous reports that the plan had been scrapped, that had never happened. The official went on to say that they have been working quietly to make sure that the project will help Tarragona and Catalonia, as a whole, to improve its economy and tourism industry while new jobs are created.

It was late last month when the Government of Catalonia formally approved the €2-billion integrated resort scheme. The bidding process for the resort was opened last summer and by the time it closed, Hard Rock remained the only bidder for the development of a mixed-use property with hotels, attractions, and a casino. The Florida-based company was eventually given the green light to proceed with that plan after multiple delays.

The project was previously referred to as BCN World, but it was announced in May that the resort will actually be called Hard Rock Entertainment World. It will be located in the Vila-seca and Salou region in the Tarragona province.

According to details previously provided by Hard Rock, its Catalan resort will feature two hotels with a total capacity of 1100 rooms, a 75-store retail centre, a number of dining facilities, bars, and entertainment venues, and a 10,000-square-meter casino. The company has said that it plans to spend around €2 billion on the mega scheme. It is yet to be announced when the integrated resort will be completed, but as mentioned above, that should happen within a three-year period, under the company’s contract with the Government of Catalonia.

The construction of the Tarragona property comes as another indication that major hotel and casino companies might finally be ready to explore and expand their integrated resort operations into Europe. Properties of this type have already become the standard in Las Vegas and multiple Asian countries, but they are yet to be introduced properly to the European gaming and hospitality scene.

Hong Kong’s Melco Resorts & Entertainment will probably open Europe’s first proper integrated resort. The company broke ground Friday on a €550-million development in the Republic of Cyprus. The integrated resort is slated to launch in 2021 and to feature a hotel, a casino, MICE facilities, and a number of attractions. 

 

Source: CasinoNewsDaily

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

Continue Reading
Advertisement
Comments

Latest News

Trial programme launched in Scotland to support gambling addicts

Niji Ng

Published

on

By

Trial programme launched in Scotland to support gambling addicts
Photo Source: e-scotland.co.uk
Reading Time: 2 minutes

 

A pilot scheme has been initiated in the Scottish town of Aberdeen to support people addicted to gambling.

The GambleAware charity launched a £100,000 campaign to provide people with access to counselling and advice services.

Helpline details will be displayed on buses and there will be adverts on the radio and online websites.

Students will be made aware of problem gambling and how to get help.

It is estimated that about 230,000 Scots either have a problem with gambling or are at risk of becoming addicted.

The pilot scheme has been designed to see how far the GambleAware message can be spread ahead of a wider, national campaign launched in the new year.

Iain Corby, the charity’s deputy chief executive, said: “Only 2% of people with a gambling problem come forward for help.”

“We don’t know if that’s because they don’t know who to turn or, or if they’re just reluctant to.”

“So with this campaign we want to remove the chance that they don’t know how to get help.”

GambleAware offers a range of services for those concerned about their problem as well as their family and friends through fellow charity The RCA Trust.

Mr Corby added: “A lengthy telephone call can be enough to give someone the tips they need to get their gambling under control.”

“Others might prefer an online chat or face-to-face counselling and we can do this over a course of four to six weeks.

“We do offer a 13-week residential rehab programme if it is needed.”

Earlier this year Aberdeen Central MSP Kevin Stewart called for the maximum bet on Fixed Odds Betting Terminals (FOBTs) to be reduced from the “farcical” £100 to £2, highlighting the “tragic consequences” that can arise from gambling addictions.

Mr Stewart said: “I have been quite shocked at how many people have been affected by problem gambling, particularly focusing on people using FOBTs and online apps.”

“I’m very grateful to GambleAware and its other partners, and I’m extremely pleased this pilot is launching in the north-east.”

Continue Reading

Gambling in the USA

Golden Race gets NASPL associate membership

Niji Ng

Published

on

By

Golden Race gets NASPL associate membership
Reading Time: 1 minute

 

The virtual sports wagering platform and gaming Golden Race gets the virtual sports betting platform and gaming software supplier has obtained associate membership of the North American Association of State and Provincial Lotteries (NASPL).

NASPL is a regional association created to facilitate communication among lottery operators and gaming vendors. Golden Race becomes part of 52 lottery operators in Canada and the US, as well as several other respected gaming organisations who work with NASPL to ensure standards of best practice are achieved across the industry.

Golden Race said: “Our application to become NASPL associate members demonstrates our ongoing commitment to work together with the local industry to bring the best gaming experience to the end customer. The acceptance of our application, following stringent eligibility requirements, is a recognition of our efforts to responsibly grow our company within regulatory gambling frameworks.”

Continue Reading

Gambling in the USA

Electronic pull-tab gambling sales increases in Minnesota

Niji Ng

Published

on

By

Electronic pull-tab gambling sales increases in Minnesota
Photo Source: thecurrent.org
Reading Time: 1 minute

 

Minnesota has witnessed a significant rise in the sales of electronic pull-tabs in the last fiscal year. The sales increased by 80 per cent to generate $360 million.

The rise in pull-tab sales comes after a sedate debut in 2012. Interest grew after the original manufacturer folded and Pilot Games took over.

“I know we started rough in those early years, but now, when you look at the chart, it’s really climbing — and it’s still in less than 40 per cent of all the charitable gaming sites in Minnesota,” Tom Barrett, executive director of gambling board, which oversees charitable, but not tribal, gaming in Minnesota.

Paper pull-tab sales accounted for about 75 per cent of the charitable gambling industry this year, down from about 82 per cent of the market last year. But sales were still up 6.8 per cent year over year, Barrett said.

Funds from electronic pull-tabs were pledged to pay for the US Bank Stadium. The increase in sales means the state may be able to pay off the mortgage early and save money that would’ve gone to interest payments.

“I think it is 2022 or 2023 is the first year we could start paying (the construction bonds) off early,” said Myron Frans, commissioner at the Minnesota Department of Management and Budget. “We hope we’re careful about how we use those funds going forward.”

The board’s report found that charitable gambling overall topped $2 billion in sales for the first time, with $1.6 billion paid out in prizes.

Continue Reading
Advertisement
NSoft
Advertisement
BetConstruct

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.