Gambling expansion underway in Argentine province of Córdoba
Four companies will compete for the concession of casinos, hotels, and slot machines in the province of Córdoba, as announced by the Lotería de Córdoba. In the zone encompassing the municipalities of Alta Gracia, Cruz del Eje, and Río Ceballos the firms that submitted their bids were CET SA (the current concessionaire), Casino de Victoria and Fuente Mayor, a company with capital from Mendoza.
Meanwhile, for the zones identified in the tender as the “Federal and Tourist Rings,” the same companies submitted bids, along with Boldt S.A.
The lottery announced that, with the establishment of the Evaluation and Monitoring Committee for the bidding process, along with representatives from the participating companies, the envelopes for the tender issued by the institution were officially opened.
From now on, the appointed Committee will conduct a detailed examination of the submitted documentation, as stated by the lottery, emphasizing that “the process was carried out in a framework of absolute normality, and the scheduled timeline will proceed to determine the companies that will participate in the opening of the second envelope containing economic proposals.”
In December Governor Martín Llaryora decided to call for the tender for slot machines three years prior to the expiration of the concession held by the Concesionaria de Entretenimientos y Turismo (CET), which belongs to the Roggio Group.
In addition, the casinos that manage table games, which are currently run by Lotería de Córdoba, will now pass into private hands. While private entities will take full responsibility for the casinos, the provincial agency will retain control of the Villa Carlos Paz casino, which collects 75% of the nearly $7 billion that was wagered last year on roulette and poker tables.
