Insight BCN WORLD, SPAIN BCN WORLD COMPETITION ENTERS SECOND PHASE


The Government of Catalonia has announced the four successful applicants that have passed into the second phase of the licensing process for BCN World


On November 27, 2014, the Government of Catalonia, Spain, published the final list of companies that have been choose to enter the second stage of a competition to create the casino mega-resort of BCN World.


The Ministry of Finance approved the final list of four companies that have been accepted to participate in the second phase of the tender casinos in the field of CRT Vila Seca and Salou. According to the resolution published in the DOGC, the four business groups selected to be eligible for one of the four licenses for the installation and operation of the casino game are:


lGroup Perelada lProperty Development Limited Melco lBCN IR 3, SA (owned by: Veremonte and Hard Rock)


lBCN 2 Integrated Resorts, SA (owned by: Glory Holdings Limited and wholly owned by Melco- Veremonte)


According to the text of the resolution, the Technical Committee Casinos have seen, objective criteria, admitted that the four companies meet the requirements of the contest, provided the law 6/2014 of 10 June, amending Law 2/1989 of 16 February on tourist recreational centers, and establishing rules on taxation, trade and play passed by Parliament on 29 May.


On July 25, the deadline for submitting applications to participate in the first phase of the competition. The Ministry of Economy and Knowledge of the applications received five companies to participate. After analysing the documentation, August 6, the Technical Committee issued a provisional list of admitted. This list will be admitted provisionally four of the five applications submitted since the fifth -BCN IR 1, SA (wholly owned by Veremonte) - had not submitted within the deadlines necessary documentation to prove the "technical capabilities in field operating gambling casinos and gambling (...) during the last five years "required at the base of the competition 4.2.2.


Likewise, the Technical Committee found that the documents submitted by the other companies


2 8


lacked certain documents, which depended on others, but for which they had already proven its request, in accordance with the provisions of rule 13 of the competition .


This first phase of the competition was to certify the technical competence and experience in the


The start of the second phase of the competition is linked to the approval of the Urban


Master Plan (PDU), and the reorganisation of localised tourist attractions.


management of casinos of interested parties over the past five years. It also checked if they had been financially healthy enough to cope with a minimum initial investment of €300m for the operation of casinos and hotels and also for shopping and recreation or any activity that may complement the project. Final checks were made to ensure participants are not in any of the circumstances provided for in Article 3 of Law 6/2014, of 10 June, in criminal matters, or penalties breach of the regulations on the prevention of money laundering, and they are up-to-date in the payment of their tax obligations with the presentation of certificates and declarations of appropriate charge.


AN EXTENSION OF ONE MONTH On October 24, after analysing the information


received in response to the request for extension of time made by some of the applicants, the


Technical Committee agreed to grant a non- extendable period of one month to present pending documentation, according to the submission of the required documentation could lead to more complexity in processing.


Finally, the Technical Committee found that the applicants had submitted all the required documentation and on November 24 raised to the body calling the corresponding final list of admitted and excluded participants, according to what is expected in the first phase of the competition.


THE SECOND PHASE OF THE COMPETITION With the publication of the decision on November


27 and the final list of admitted and excluded, this terminates the first phase of the competition. In the second phase there will be the evaluation of the proposals submitted by applicants, which must be submitted as final projects. Thus, as provided by law, the contest will end with the award of up to four permits allowing for gambling casinos, one for each of the applications accepted.


The start of the second phase of the competition is linked to the approval of the Urban Master Plan (PDU) reorganisation of the field of tourism Recreational Center Vila-Seca and Salou. The new PDU should allow the implementation of new activities related to business tourism, conferences, conventions, trade and gaming and betting activities in the field of CRT. On 29 July, the Committee on Regional Policy and Planning of Catalonia decided to initiate the procedure. It is expected that the PDU is completed in the coming months.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92