Groupe Cogit has reportedly been granted a license to bring a first casino to French Guiana and it is now hoping to be able to commence operations at an interim gambling facility in the South American territory before the end of 2021.

According to a Friday report from G3Newswire, Groupe Cogit already runs four casinos in its native France while additionally being responsible for two venues each on the Caribbean islands of Martinique and Guadeloupe. It received an 18-year license for its Guianan venture but must now wait for official consent from the jurisdiction’s Interior Ministry and Advisory Committee on Casino Games before getting underway.

Provisional venture:

Should it receive these required permissions, Groupe Cogit reportedly revealed that it intends to open a temporary casino that it expects will contribute some €200,000 ($220,500) to local tax coffers every year courtesy of an annual turnover that could reach up to €6 million ($6.6 million).

Secure successor:

From here, the operator detailed that it is hoping to be given permission by the end of 2023 to spend approximately €30 million ($33 million) in order to premiere a permanent casino on a 3.7-acre plot of land located on the outskirts of the capital city of Cayenne. It purportedly explained that this more enduring venue would feature a bar and a restaurant alongside a 460-seat theater and could chalk up annual revenues of around €11 million ($12.1 million) to contribute about €1.2 million ($1.3 million) in tax every year.

Profitable project:

G3Newswire reported that Groupe Cogit anticipates that its permanent casino in French Guiana will eventually record annual revenues of about €26 million ($28.7 million), which an economic impact assessment from the France Tourism Development Agency proclaimed would place the facility ‘in the top ten French casinos in terms of turnover.’