🎰 Tenerife casino sale continues to fuel controversy - Casino Review

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The Council of Tenerife's efforts to sell the island's three state-owned casinos continue to generate controversy as one of Spain's largest unions has renewed calls.


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Events for June 6th No Events. Later in the same year, it was revealed that despite three operators having reportedly expressed their interest, no one had come forward to buy the casino. Events for June 16th No Events. Events for June 3rd No Events. Events for June 11th No Events. Events for June 28th No Events. Events for June 26th No Events. As for the members of staff currently employed by the three casinos, the new operator must employ them for at least two years at the moment of the sale and guarantee all their rights granted to them under labour laws. Events for June 24th. Events for June 5th No Events. Events for June 9th. Tenerife — Tenerife to look at the options in casino sell off 9 months ago. Operator News. Events for June 22nd. Category Exhibitions. Events for June 15th No Events. Events for June 19th No Events. Events for June 10th No Events. According to the terms and conditions, the tourism project should not take more than four years to complete and should be related to the running of the casino, although other additional tourist activities may be developed. Related Stories Tenerife — Tenerife Government could backtrack on casino sell-off 6 months ago. Bidders must submit a tourist investment project that must be made in one of the three municipalities where the casinos are located Adeje, Puerto de la Cruz or Santa Cruz. The intention now is to sell the three casinos together to make the offer more attractive to potential investors. Subsequently, another one-month period will be earmarked for the legal and financial review of the company, and another four months for the submission of bids. Events for June 27th No Events. Events for June 13th No Events. With the submission date passing with no formal bids lodged, the Council opted to look into the reasons why no offer was made before re launching the tender process. Events for June 7th No Events. Events for June 21st No Events. Events for June 8th. Events for June 23rd. The most popular casino is The Casino Playa de Las Americas, which is located on the Costa Adeje — an up-market resort on the southern coast. Events for June 2nd No Events. Events for June 25th No Events. Events for June 4th No Events. The sell off will undoubtedly be met with fierce opposition from unions. Events for June 18th No Events. This is not the first time that the Council has tried to privatise the casinos. Events for June 12th No Events. Spain — Only one bidder emerges in Tenerife casino tender 8 months ago. Events for June 17th No Events. Events for June 30th.{/INSERTKEYS}{/PARAGRAPH} Events for June 14th No Events. Events for June 20th No Events. Events for June 29th No Events. In August workers for the three casinos in Tenerife came out in opposition of government plans to offer the casinos up for tender. Companies interested in buying the casinos will have a period of 45 days to submit applications. {PARAGRAPH}{INSERTKEYS}The three casinos in Tenerife have been put on sale and will be privatised under a new public tender.