In 1996 the Algarve casinos Vilamoura and Monte Gordo opened and the Algarve Casino followed in 1997 becoming the country’s first hotel-casino. In 2008 they opened Hotel Casino Chaves. Te revenues of the Solverde group's casinos, owned by the Violas family, grew in 2017 above the industry average. In Espinho, they increased 5.6 per cent to €47.2m, in Chaves 6.5 per cent to €8.2m, while the three in the Algarve (Vilamoura, Praia da Rocha and Monte Gordo) recorded revenues of €34m.
Solverde Board Member, Dr. Silva Carvalho, described the current casino sector in Portugal: “We consider that the casino sector currently benefits from the positive macro-economic trend in Portugal. Which is good, but also means that we need to keep up with innovation, identifiying customer’s needs and improving our service and offers accordingly, to go above and beyond that growth.”
In addition, Dr. Carvalho outlined the future plans for Solverde going forward. “We will continue to grow by continuosly improving, innovating and always trying to meet people’s expectations, providing the best customer experience. Right now we are focusing on the expansion of our sixth casino,
CasinoSolverde.pt, with a modern digital approach to the same values. For the first time, regardless of location, people can have the Solverde personalised experience, with a brand that responds to their individual needs with a customised offer. And we still have only the first phase of our plans in progress, product and marketing wise, to have the top offer in the market.”
CASINO DE ESPINHOwas inaugurated in 1974 and is a landmark casino located just 17kms from the city of Porto with a prime location next to the beach. It has been refurbished over the years. Tere are three floors of gambling with slots and four dice games, nine American Roulette, five Blackjack, two Baccarat, two Caribbean Stud Poker and eight Texas Hold ‘em. Te casino also houses a 280 seat bingo room.
CASINO VILAMOURAis located in Quarteira in the Algarve region. It was opened in 1991 and in 1996 Solverde took over the casino. Te casino has 520 slots and three dice games, five American Roulette, four Blackjack and nine Texas Hold ‘em Poker tables.
CASINO MONTE GORDOis just six kilometres from the Spanish border and one of the liveliest
casinos on the Algarve. It has 285 slots located over two floors and one Dice game, two American Roulette, one Blackjack, one Caribbean Stud Poker and five Texas Hold ‘em.
HOTEL ALGARVE CASINOis in the centre of Praia da Rocha beach and close to the city of Portimao. It is a five star hotel with a games room over two floors with 355 slots and one dice game, three American Roulette, one Blackjack and four Texas Hold ‘em.
HOTEL CASINO CHAVES again only eight kilometres from the Spanish border is a four star hotel overlooking the city and mountains. Te casino next to the hotel offers gaming on two floors with 300 slots and two dice games, three American Roulette, two Blackjack, one Baccarat, one Caribbean Stud Poker and eight Texas Hold ‘em.
Te second largest company is Estoril Sol which was founded in 1958 and is a Portuguese company set up to manage Stanley Ho’s casinos in the country. Estoril Sol currently has the concession for three casinos – Casino Pavoa, Casino Estoril and Casino Lisboa - and since July 2016 has also offered online gambling through its subsidiary Estoril Sol Digital.
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