Investors Flock to Minas Gerais Resort SOUTH AMERICA
At least three groups of investors have shown an interest in the construction of a resort-casino which would be located in the Administrative City complex
Minas Gerais, a state in the north of Southeastern Brazil, is the second most populous state and third by GDP, and it’s attracting lots of investor interest
BRAZIL CASINOS
COLOMBIA – Casino Technology has installed its Gamopolis multigames at three new locations in Colombia, owned by Colombian VICCA Group (Victoria Casinos Group).
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MEXICO – Codere S.A. has informed the Spanish National Securities Market Commission (CNMV) that it has acquired Grupo Caliente, mainly through its wholly-owned subsidiary Codere México S.A.
According to the communication with the CNMV Codere, via its subsidiary Codere México S.A, has acquired 32.7 per cent of Caliente that it did not previously control for US$26m.
With this agreement both groups put an end to all company agreements and contracts between the parties, although Caliente will continue to provide Codere with certain services related to the sports betting business. The transaction has been made for US$26m of which US$22m corresponds to a cash payment and the remaining US$4m will be carried out in the form of the cancellation of an existing account between the two groups.
Codere and Caliente have had a long standing agreement in Mexico and Codere has been providing gaming management services and hall development services since 1997 for Caliente. In 2010 Codere and Caliente signed an agreement which consisted of the restructuring of approximately US$121m of debt of Caliente through the acquisition by Codere of a share of its gaming operations.
P14 NEWSWIRE / INTERACTIVE /
247.COM
At least three groups of investors have shown an interest in the construction of a resort-casino which would be located in the Administrative City complex, headquarters of the Minas Gerais government.
According to Marco Antônio Castello Branco, President of the Company of Economic Development of Minas Gerais (Codemig) two Spanish groups and one group from the United States, all of which are already involved in the casino industry, have approached the company in order to seek out further information on whether it would be possible.
Marco Antônio Castello Branco said: “Te investors came looking to find out about the business conditions, but since Codemig no longer owns the structure, I advised them to talk directly to the Minas government.”
According to Castello Branco, the intention of the state would be not to sell the structure, but rather to grant a concession for the building’s use. "From what I read, the procedure will be done through bidding, thus ensuring all
Mexico
Having achieved considerable success as one of the major gaming equipment suppliers in Mexico’s casino and gaming industry Merkur Gaming Mexico has now become a full member of the country’s most active trade association, AIEJA. AIEJA is the nexus group for many of Mexico’s current license holders, operators and suppliers and is dedicated to promoting, through bringing to reality the long awaited new gaming law, an industry that presently encompasses more than 38,000 direct and up to 140,000 indirect jobs and which is a major contributor to Mexico’s Federal tax revenues. Te President of AIEJA, Dr. Miguel Angel Ochoa Sanchez, warmly endorsed the membership of Merkur Gaming Mexico, stating: “As AIEJA works towards its aim of helping to create a fair, transparent and even more successful gaming industry in Mexico we welcome the input, participation and expertise of leading companies such as Merkur Gaming.”
transparency," he said. According to Castello Branco the state government is looking at how it can use the complex as gaming laws, as they are currently being developed, are linked to the building of large scale resorts and hotels.
Designed by internationally renowned architect Oscar Niemeyer and intended to house 16,000 civil servants the whole complex was built on a plot of 800,000 square metres. It is also near the Tancredo Neves International Airport. Te centre consists of four large building. Two buildings accommodate 17 of the state ministries; the third building consists of an auditorium, with a capacity for 540 guests. Te fourth building the "Palacio do Governo", is the world's largest suspended structure, built in reinforced concrete.
Legislation is currently under debate in both houses. Te text of the latest draft in the House of Deputies defines the types of gaming that can be played in Brazil, the criteria for how licences are to be granted and the rules for the distribution of prizes as well as how gaming is to be taxed in the future.
Merkur installs Avantgarde slots at Enjoy Punta del Este
Uruguay
Merkur Gaming has installed its Avantgarde slots at Enjoy Punta del Este in Uruguay. Following a successful trial period Merkur Gaming has now installed a bank of its Avantgarde slant top units on the main casino floor where they’ve proved a major hit among the more than 550 machines that constitute the casino floor and adjacent Club Fortuna VIP slot area.
Merkur Gaming Argentina’s General Manager Alejandro
Saraintaris said: “Punta del Este is a major attraction for visitors from Argentina and one of the major attractions of this beautiful seaside resort is the Enjoy Punta del Este Casino.”
Enjoy Punta del Este Casino’s Marketing Director, Fabian Giame told us: “Te addition of Merkur Gaming’s Avantgarde machines has already proved highly successful. As our brand name mentions, we always aspire to offer great entertainment in gaming and our players are, without a doubt, really going to enjoy the Avantgarde machines of Merkur Gaming and the fascinating games that we are presenting.”
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