It will be located in the City of Mendoza

Spanish Grupo Vid to open its first casino in Argentina

2010-07-30
Reading time 1:12 min

“It is like playing the Champions”, compared Diego Naranjo, director of Expansion of Grupo Vid. With regards to the current situation of the industry in Spain, he indícate that just two licenses will be granted. “Besides, it is a very mature market that is already full”, he explained.

The first casino of the company will occupy an approximate extension of 1,000 sqm, and will probably open its doors in September 2011. “It is our star project”, confessed Naranjo, who has spent three years maturing the initiative.
 
The casino will have the brand Latinos, which is the same used by the company for its recreacional halls in Spain, and will demand an investment of us$ 6,000,000. Construction will begin next February. “It will have live game with roulette, black-jack, etc., on top of between 200 and 300 machines, a restaurant and a sports bar”, explained the director of Expansion of Grupo Vid.

Besides, the executive informed that they are studying the possibility to arrive in other countries in the zone, such as Brazil.

South America may go ahead Morocco, the country in which Grupo Vid started its international expansion. Its plan to open five leisure centers in urbanizations promoted by Fadesa in the coast of the country is suspended waiting for the future of the company to be clarified.

These international projects flow in paralell to the boost that the company is living to its Latinos division in Spain, which represents a change of the classic gambling hall. The chain currently has 14 centers open, plus three that are being developed in Toledo, Ponferrada and Ceuta, which will open before the end of the year.

In 2011, the central will inaugurate other five centers. Besides, it plans that the chain will receive the two new franchises, so in just two years Latinos will double its network.

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