Casino Estoril in Portugal will be operated by the Ho family for another 15 years since they signed the extension.
The licence to operate the famous casino in Portugal will remain with the Ho family for another 15 years.
The casino is one of the most famous of the 11 operating in the country and that at Estoril was originally opened by the famous Macau gambling magnate the late Stanley Ho.
Now, in a new round of licence applications, the family of Ho will retain the concession, along with that of the Casino Lisboa in the capital.
Estoril-Sol, the operating company, signed the contract last week after winning the public tender last year. Spanish operator Bidluck had offered a higher sum for the concession at €86m annually as opposed to Estoril-Sol’s €66m, the authorities had chosen to stay with Estoril-Sol.
The Estoril casino is a great gaming and leisure complex distinguished by its ability to boost the arts and entertainment, and which no tourists fail to visit. Located in Estoril, 18 km from Lisbon and 20 km from its international airport, Casino Estoril is the largest in Europe, consolidating, year after year, a worldwide prestige.
Source: intergameonline.com
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