Genting eyes Andorra’s first casino license

The Pyrenees mountains of Spain are known for its gaves—mountain torrents that form waterfalls—which are only surpassed in Europe by those seen in Scandinavia. They’re also known for being a natural, 211-mile border between France and Spain. Soon, the majestic skyline could be the backdrop of a casino, as Andorra is accepting bids to offer the area’s first casino license. Genting is hoping to be the winner, and is among 13 bidders vying for the license.

Through its UK unit, Genting has placed a hefty bid, matched by Cirsa out of Catalan. Both are offering $164.6 million, or €140 million. To enter its bid, Genting teamed up with Andorran businessman Marc Giebels van Bekestein, British investor David Gray and Arc Resorts President Mark Vlassopulos. If approved, 70% of the venture will be held by Genting.

Genting has proposed an integrated resort (IR) project for Andorra that would create 400 permanent jobs and 600 temporary construction jobs. The project would offer two floors of private rooms and suites, a spa and a “gastronomy market.”

Genting currently owns 43 licenses in the UK. It operates the Resorts World Birmingham, worth approximately $201.5 million. The Andorra casino resort would be the company’s first on continental Europe.