Portugal awards casino concessions expected to generate more than €1bn
Portugal awarded casino concessions for Póvoa do Varzim, Espinho and Algarve, with official forecasts putting state receipts above €1bn over the next two decades, according to the report. Solverde retained the Algarve concession and won Espinho; its Algarve deal includes €1.7m in annual fixed payments and an upfront €31m payment.
The concessions establish long-term state receipts and payment commitments for operators across three casino zones.