The boss of Cirsa Gaming Corporation has declared that his firm will not be taking part in the coming BCN World complex near Barcelona as he believes the giant development in north eastern Spain will not attract sufficient visitors to be profitable.
According to a report from G3Newswire, Joaquim Agut, Chief Executive Officer for Terrassa-based Cirsa Gaming Corporation, made the revelation at last week’s 15th annual Jornadas Gresol business conference in La Pineda while declaring that the Catalonian project would have to attract an unreachable 80,000 to 100,000 daily users in order to be worthwhile.
“One thing is to want it and another thing is to play it and put money on it,” said Agut.
Construction of the $2.5 billion BCN World, which recently changed its name to the more sedate Tourist And Recreation Complex, is scheduled to start in the spring but Agut stated that Cirsa Gaming Corporation could not ‘afford the luxury’ of taking part.
G3Newsire reported that Catalonia currently hosts four casinos while up to two more are set to be included in the new development around 60 miles south of Barcelona. Melco Crown Entertainment Limited is allegedly competing with Hard Rock International for one such license while the second is being coveted by local firm Grupo Peralada in partnership with Malaysian giant Genting Group.