Thursday, July 7, 2016

With casinos World doubling BCN collection – The Game Daily (press release) (blog)

According to Minister of Economy and Vice President of the Generalitat de Catalunya, Oriol Junqueras will be achieved double revenue from the activity of casinos in the Spanish autonomous community, which will increase from 22.5 million euros current about 45, despite the tax relief associated with BCN World project, which will have only two gambling establishments.

Junqueras appeared before the Catalan Parliament to report the reformulation of this project in Tarragona, he said that the leisure complex Vila-Seca and Salou, which must adopt a new name, can generate 200 million for local, regional and state administrations, other associated taxes.

currently operate four casinos in Catalonia, and is expected to be one or two more casinos in the new Recreation Center Tourism (CRT). The Melco and Hard Rock groups will perform together and, if they win the tender, operate a casino each, while if he wins the Peralada Group, presented with the Genting operator, there is only one casino more.

despite the reduction from 55 to 10% of the rate on gambling approved by Parliament to enable BCN World, Junqueras held that the activity generated lead the government to raise in Catalunya “double” by casinos and gaming machines included in them; ie from 22.5 to 45 million euros, according to a “conservative estimate” he said. In any case, he stressed that the lists of licenses for new casinos state that “current income on the game” will be guaranteed.

According to official data, the strict activity of the casinos, not counting the machines, the Government entered in 2015 a total of 19 million euros, 9.45% more than in 2014, after nine years of falling or stagnant incomes for this activity.

Junqueras estimated that this project can also generate 100 million through taxes to the Government and the State and estimated that 10,000 jobs will be created. “We do not like the tax relief (casinos),” he admitted the official, who recalled that he personally voted against the law that made it possible in 2014.

To justify the change of position his party, Junqueras said he had the option to “undo” those tax cuts and “let indirectly die” BCN World, because investors are “tired” but believed that “responsibility and respect for the territory” could not be losing investments worth between 2,000 and 2,500 million.

Aware that without the tax cut was “very difficult” to ensure the involvement of investors, Junqueras remarked that focused on change “other elements” to make the project viable. And, in his opinion, the original project, which was born from the hand of the Valencian businessman Enrique Bañuelos, “had no viability or future.”

“The project is now urge is neither Eurovegas or BCN World. That oversized or unrealistic vision is dead and buried (…) or the project is resized or did not exist, “he said. Therefore, the minister promised that by the end of the year the government approved urban master plan and urban project, and that in February or March Contest casino licenses, so that the works will be awarded before the summer of 2017 will be resolved . also, Junqueras said the bulk of the project will consist of hotels, leisure and commercial activity, and that the casinos will account for 4% of the surface.

as for the opposition groups, CUP maintained its firm opposition to the project and, in fact, the deputy Eulàlia Reguant said the involvement of the Melco group is “open the doors to the Chinese mafia in Catalonia”.

the PPC questioned the new BCN World can pull ahead by the lack of stability of the government, CSQP described as “urban lift” the changes in the project, Ciutadans welcomed Junqueras the “political pragmatism” and the PSC subrayóque the area devoted to game fell very little.

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