Switzerland-based Escor is opening a new casino in the Montenegrin port city of Bar.
The Grand Swiss Casino will operate 12 tables and 80 slots in an area of 1,750 square meters. Two bars also are planned, one indoor and one outdoor.
Escor is investing around €6 million in the project. The gaming license fee for the casino is €2 million.
In the company’s home market of Switzerland, Escor has a 36.5 percent share in Casino Locarno, in the town of the same name. Casino Locarno S.A., comprised of Escor and partners ACE Admiral Casinos & Entertainment and German Casino Management Group, is bidding on the long-anticipated license for the city of Zurich.
The proposal calls for an SFR 25 million (US$22.5 million) casino on the city’s prestigious shopping avenue, the Bahnhofstrasse. The license is for a B casino, which allows a maximum of 150 slots. The 1,900-square-meter casino would also have 14 table games.
The casino would be expected to draw 900 visitors a day and produce annual gross revenue of SFR 60 million, about US$54 million.
A decision on the license is anticipated sometime within the next year.