Ricardo Henriques answers the question: “Who grants casino concessions and how?”

Who grants casino concessions and how? Ricardo Henriques helps answer this question posed by ECO, clarifying the various stages of the process.

The granting of a casino concession in Portugal requires the launch of a public tender, in which companies meeting a set of criteria can participate. The winning bidder is then awarded the concession for several years, as there is no specific limit on the number of concessions that can be granted.

According to Abreu Advogados partner Ricardo Henriques, the documentation outlines the “duration of the concession, casino location, list of assets allocated to the concession, award criteria, consideration payable as compensation for the right to operate, the amount of guarantees required from bidders, and the method of providing them.”

Read the full article and Ricardo Henriques’ statements in full here.