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This article first appeared in The Edge Financial Daily on January 5, 2018

KUALA LUMPUR: The Genting Group has plans to invest around €105 million (RM503 million) to build a casino resort in Andorra, according to a report on news portal Casino News yesterday.

Nestled between Spain and France, the small European country’s government is currently reviewing proposals from interested bidders for a single casino licence, the report said, and Genting is among major international companies to have expressed interest in operating a casino resort there.

Citing a recent statement from Genting, it said the group intends to build an integrated resort with a casino facility in the Clot d’Emprivat area.

“Genting pointed out that it wants to develop a resort with unique offerings that will complement and boost the existing entertainment experience Andorra currently offers to both residents and visitors.

“The multi-million [ringgit] complex will aim to feature entertainment options beyond casino gambling, including a host of musical and different cultural events. The resort will also offer a variety of dining options, some of which will be the result of partnerships with locally-renowned restaurateurs.

“Retail space and other facilities will also be included in the expensive development project, if it gets the necessary approval from the government of Andorra,” the report read.

It added that Genting applied for the Andorra casino licence as part of the Genting SA consortium, which includes British gambling veteran David Gray, leisure specialist Mark Vlassopulos, and local businessman Marc Giebels van Bekestein.

Meanwhile, the report said Andorra’s government closed the bidding process for the nation’s sole casino licence on Oct 31, 2017.

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