Last week Genting was in the news with the discussion that they want an Andorra Casino License. This week, it is all about the Hard Rock brand getting a casino license for Spain.
Spanish gambling legislation dates to 1977, when it was “decriminalized.” In recent years, Spain has attempted to follow other European countries and welcome online and land-based casinos. The change in gaming laws is making it possible for companies like Hard Rock International to establish casino based locations around the world.
Hard Rock International is going to create an integrated resort in the Catalan region of Spain. The ministry gave the official word Friday that they would allow the concept. The approval is for a 2 billion euro casino to be built. It will be called the Hard Rock Entertainment World Project. It is going to be part of the Tourist Recreational Center in the Vila-Seca and Salou region of Tarragona Province.
The notice provided by the ministry requires Hard Rock International to finish their project in three years. The first phase will be 700 million euros and has to be open and operating by 2021. The casino will go by the name of Hard Rock Hotel and Casino Tarragona. Of course, the countdown to completion starts when the brand pays the 10 million euro deposit and gains the building permits.
The first phase will have 1,200 slots, two hotels with 1,000 rooms total, 100 tables, retail area, and 6,000 square meters for a swimming pool. There is also going to be a 15,000 seat theater. The entire project has to be finished in five years. Hard Rock International is going to have a ceremony in a few weeks to announce their plans.
The land for the project is near Barcelona’s International Airport. Originally, Hard Rock wanted to call it Barcelona World, but the ministry did not accept the name. The resort should make 1.3 billion euros to help boost the area economy when it is fully operational. Jim Allen, Hard Rock International CEO, stated that gaming companies have tried to gain a Spanish Integrated Resort in the past, but without any success. He is happy that his company was granted the opportunity to open its doors in the region. They are also not partnering with Melco like they originally hoped.
Atlantic City and Hard Rock
The Hard Rock brand is set to open in Atlantic City on the site of Trump’s old casino.