Macaense Ho may lose Lisbon and Estoril casinos to another foreign group – Turismo & Lazer
“The deadline for the submission of proposals for the concession to operate the gambling areas of Estoril (Estoril and Lisbon casinos) and of the last Figueira da Foz ended on Friday, September 30th. Under the terms of the law, the proposals open from October, today, having been proposed on the 3rd, the tenders of the Ministry of Economy, both, at this time, advanced the Ministry of Economy, at this moment, advanced by 15h.
Two hours later, at 5:10 pm, the Estoror-Sol group, current holder of the concession for the Estoril gaming area, via the Securities Market Commission (CMVM), that there are two concession proposals for it, admitting that a competing concession proposal presents , in its entirety, a higher value” than yours.
Negócios knows that the competing proposal comes from another international group, which has not yet identified a group.
Arising now from the deadlines for the project or project analysis, and evaluate the proposals or analysisi-Sol. group that is 57.8% controlled by Finansol, of the descendants of Stanley Ho – who died on May 26, 2020, with his daughter Pansy Ho going to chair the board of directors -, with 32.7% being held by Amorim Turismo , via Sociedade Figueira Praia, and around 9% of various small shareholders.
The Estoril and Lisbon game rooms, as well as the one in Figueira da Foz, which is in the hands of Amorim Turismo, did not end at the end of 2020, but were extended for another two years due to the impact of the covid020-19 pandemic. .
On 19 August, the announcements of tenders for renovations of the Estoril and Figueira da Foz casinos were published in Diário da República, which provide for a contractual duration of 15 years, for more than a period of five years.
(News updated at 18:08))