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A New Casino in Galicia Gets the Green Light
- September 26, 2018 By Riley Wilson -
The government of the Spanish autonomous community of Galicia has approved the opening of a new casino in Vigo.
The soon to be opened venue will be located in the A Laxe Shopping Centre, one of the newest shopping centres in this city.
Commenting on their decision to give the green light, the government said all the required documentation had been examined, and all the conditions had been met.
City’s Economy Will Benefit from the New Venue
According to a press statement issued by the government, the new A Laxe Shopping Centre casino would make a significant impact on the city’s economy, both directly and indirectly. Certain regulation had to be modified before the final approval, and these changes were necessary as the sector itself had demanded them.
The government also stated the previous legislation wasn’t flexible enough.
The location of the new casino should attract more visitors not only from the southern part of the province but also from the north of Portugal.
Earlier this year, the President of the Luckia Group, José González Fuentes, and the manager of Cirsa, Braulio Pérez, had met with the mayor of Vigo, Abel Caballero, and the councillor for Commerce, Ángel Rivas in order to discuss the plans regarding the new casino.
The agreement was reached, but the authorisation from the Government of Galicia was required.
Up to €30 Million in Annual Revenue
The two companies, the Luckia Group and Cirsa, already own a joint venture in the O Grove municipality.
Once the casino is up and running, its offering will include a bar and a small restaurant, along with gaming tables, sports betting and slots. At this moment, there is no detailed information about the economic benefits the new casino will bring, but it is estimated it could bring up to €30 million in revenue on a yearly basis.
The Government of Galicia revealed in 2011 it planned to modify the existing regulations. Under their provisions, only one casino was allowed per province, while blocking the expansion of Casino La Toja.
However, it took nearly seven years to pass the new legislation, after the government realised it could bring additional funds to the state coffers.