Insight BCN WORLD SPAIN
In 2016, a theme park dedicated to Ferrari will open in the style of Abu Dhabi’s Ferrari World.
Christian Tirabassi, Senior Partner at Ficom Leisure
RACING AHEAD IN BARCELONA
Advisory and Consultancy firm, Ficom Leisure, looks at the unfolding investment opportunties taking place in Spain at the BCN World lesiure resort project on the outskirts of Barcelona
The Government of Cataluña, has admitted four of the five requests to participate in the tender to install and operate casinos in Tarragona, north of Barcelona, where the project is expect- ed BCN World. These are the Catalan Casino Peralada Group, Melco Crown, BCN IR3 (a joint- venture between Veremonte the project pro- moter and Hard Rock International) and BCN IR2 (a joint-venture between Veremonte and Melco Crown).
The fifth proposal, presented by the promoter Veremonte as and stand alone proposal has been discarded, for not being accredited with the requested technical expertise and experi- ence of five years in operating casinos; even though according to his boss Enrique Bañuelos this proposal included a partnership with Caesars Entertainment Group. (this partnership news is still to be confirmed).
The second phase of the tender will begin when the resolution of the four proposals accepted is published, and will end with the awarding of up to four casino licenses, one for each of the pro- posals accepted.
A month and a half ago the Government of Cataluña launched a public tender for the devel- opment and operation casino resorts in a recre-
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ational macro complex, which included the pos- sibility of up to six casino licenses in the Tarragona province, in the towns of Vila-Seca and Salou, about 80km south of Barcelona. July 25, was the deadline for the submission to the first stage of the tender.
The requirements to opt for the selection, are the technical expertise and experience in the
The investor groups are “reluctant” to announce investments until the
Parliament has approved the law that would allow BCN World to start the development.
management and operation of casinos over the past five years and to provide evidence of hav- ing the financial resources for a minimum initial investment of €300m for each casino resort, requested for the operation of casinos and hotels and also for commercial and recreational areas or any activity that complements the project applicant.
Once the Government of Cataluña resolution is published with the list of the proposals admitted and when urban ordinance conditions are estab- lished, will begin the second phase of the tender, more as a full Qualifying compliance, which will evaluate the projects submitted. This second phase will end as provided by law, the award of
Ficom Leisure is an advisory and Consultancy Company specialiaed in the offline and online betting and gaming industry since 1996, with more than 65 years of combined experience and expertise. Ficom Leisure is active in all sectors of the international gambling industry, land-based gaming and gambling, igaming and online gaming, gaming advisory and gaming consultancy.
up to four permits gambling casinos, one for each of the applications accepted.
Regarding urban conditions, and as established by the Law 6/2014, on Tuesday July 29th, the Commission of Urban Planning and Catalonia agreed to begin the process of formulation of the Urban Master Plan (PDU) for reorganizing the field of tourism Recreational Center Vila-Seca and Salou in Tarragona. The aim is to allow the introduction of new activities related to busi- ness tourism, conferences, conventions, trade, gambling and gaming activities in the field of CRT. PDU is expected to be completed within a period not exceeding one year.
The investor groups are “reluctant” to announce investments until the Parliament has approved the law that would allow BCN World to start the development, upon regulating the urban plan- ning approach and the gaming activity in the area.
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