Casino Trilenium operator might not end up as the big winner
Only three Argentine companies remain in place in the tender for the three “lots” of casinos run by the Buenos Aires provincial government through its Provincial Institute of Lottery and Casinos (IPLYC).
Among the companies that withdrew from the tender process are a subsidiary of investment fund Advent, which until recently was known as Enjoy, the Chilean operator of the Casino Conrad in Punta del Este, Uruguay amongst other casinos; Codere, a Spanish company also owned by another investment fund and operator of several bingo halls in Buenos Aires; plus, a Philippine company.
At the ceremony for the presentation of bidding envelopes on 28 June, each bidder presented two envelopes, which included details of financial ability to participate in the tender, expertise in the field of gaming, investment plans and the eventual civil construction of new buildings for casinos, and other technical data.
Boldt, operator of Casino Trilenium, presented a sealed container over one metre high full of boxes and more boxes plus 18 original folders, annexes and duplicates, with the obvious intention of taking over the seven Buenos Aires casinos.
In June, Buenos Aires Province governor Maria Eugenia Vidal undertook to end previous administrations’ preferential contracting with “friendly” parties for operations of nearly 4,000 slots machines in the casinos which are owned by the province. Basically, Vidal was trying to end Boldt’s hold on Casino Trilenium, which is the most profitable and operates more than 1,600 slots.
However, not everything is in Boldt’s favour as bids will be studied by IPLYC during the next few weeks and if unable to meet Buenos Aires Province’s targets, the bids will be declared void and the machines will be operated by the province.