{"id":239891,"date":"2022-10-28T08:34:14","date_gmt":"2022-10-28T13:34:14","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=239891"},"modified":"2022-10-30T08:59:21","modified_gmt":"2022-10-30T13:59:21","slug":"casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/","title":{"rendered":"Portugal’s Casino Lisboa and Casino Estoril to Remain in the Ho Family"},"content":{"rendered":"

Portuguese gaming authorities have made their decision regarding who gets a new license<\/a> for two casinos. The results of the bidding process weren\u2019t too shocking, given that the man behind one of the two companies is on trial for running illegal gambling operations.<\/p>\n

\"Pansy
Pansy Ho poses for a photo on top of the Shun Tak Centre in Hong Kong. Her family’s gaming interests in Portugal are going to remain intact. (Image: Getty Images)<\/figcaption><\/figure>\n

The public tender selection committee granting the Estoril Gaming Zone concession, which includes the casino in the cities of Estoril and Lisbon, dropped a proposal by late arrival Bidluck. As a result, it returned the concession to the Estoril Sol group, whose controlling interest is owned by the family of the late gaming mogul Stanley Ho.<\/p>\n

The Ho family faced a real threat of losing its position in the country. When Bidluck entered the race, it offered $20 million more for the concession. However, ongoing legal issues canceled out any money it could have thrown at Portugal.<\/p>\n

No One Wants in on Portugal Gaming<\/h2>\n

In a statement on Wednesday, Estoril Sol confirmed it received word of its acceptance through a preliminary report analyzing the proposals. The company, the largest gaming operator in Portugal, next has to present its final proposal for approval.<\/p>\n

\n

The almost unknown Bidluck entered the race almost at the last minute. It offered \u20ac86 million (US$85.84 million) per year between fixed and variable amounts in an attempt to out-maneuver Estoril Sol.<\/p>\n<\/div>\n

Bidluck belongs to bookmaker B-Lucky Entertainment BV, which has business registration in Cura\u00e7ao. The chances of the Curacao<\/a>-licensed company securing the concession were never great. Media outlet P\u00fablico<\/em> reported last week that Jorge Manuel Galv\u00e3o Miguel, director of Bidluck SA, is on trial for illegal gambling.<\/p>\n

Along with four other defendants, he’s charged with installing unlicensed gaming machines in cafes and snack bars in the central region of the country.<\/p>\n

The concessions of the Estoril and Lisbon casino, as well as that of the municipality of Figueira da Foz, were to expire at the end of 2020. Because of the COVID-19 pandemic, they received a two-year extension.<\/strong><\/p>\n

The Figueira da Foz casino concession will remain in the hands of Amorim Turismo. It was the only company to submit a proposal before the September 30 deadline.<\/p>\n

The concessions are valid for 15 years, but can be extended for an additional five.<\/p>\n

Ho Family Stays in Portugal<\/h2>\n

Amorim Turismo also owns 32.7% of Estoril Sol. However, Finansol holds a controlling 57.8% stake. That company is a subsidiary of Sociedade de Turismo e Divers\u00f5es de Macau, which also has control of Macau licensee SJM Resorts<\/a>.<\/p>\n

\n

The chair of Estoril Sol is Pansy Ho, the daughter of the late Stanley Ho. She is also the cochair of MGM China, as well as other gaming-related companies.<\/p>\n<\/div>\n

Estoril Sol reported \u20ac80.6 million (US$80.4 million) in net revenue for 2021. This was a 9% drop from the year before. At the same time, the group\u2019s EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 108%. It finally closed at \u20ac10.6 million (US$10.74 million).<\/p>\n","protected":false},"excerpt":{"rendered":"

Portuguese gaming authorities have made their decision regarding who gets a new license for two casinos. The results of the bidding process weren\u2019t too shocking, given that the man behind one of the two companies is on trial for running illegal gambling operations. The public tender selection committee granting the Estoril Gaming Zone concession, which […]<\/p>\n","protected":false},"author":64,"featured_media":239890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[13363,81919,47],"acf":[],"yoast_head":"\nPortugal's Casino Lisboa and Casino Estoril to Remain in the Ho Family - Casino.org<\/title>\n<meta name=\"description\" content=\"Portuguese gaming authorities have made their decision regarding who gets a new license for two casinos. The results of the bidding process weren\u2019t too\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portugal's Casino Lisboa and Casino Estoril to Remain in the Ho Family - Casino.org\" \/>\n<meta property=\"og:description\" content=\"Portuguese gaming authorities have made their decision regarding who gets a new license for two casinos. The results of the bidding process weren\u2019t too\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-28T13:34:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-30T13:59:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"789\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Erik Gibbs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gibbs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/\",\"url\":\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/\",\"name\":\"Portugal's Casino Lisboa and Casino Estoril to Remain in the Ho Family - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg\",\"datePublished\":\"2022-10-28T13:34:14+00:00\",\"dateModified\":\"2022-10-30T13:59:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\"},\"description\":\"Portuguese gaming authorities have made their decision regarding who gets a new license for two casinos. The results of the bidding process weren\u2019t too\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg\",\"width\":1200,\"height\":789,\"caption\":\"Pansy Ho poses for a photo Pansy Ho stands on top of the Shun Tak Centre in Hong Kong. Her family's gaming interests in Portugal are going to remain intact. (Image: Getty Images)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Portugal’s Casino Lisboa and Casino Estoril to Remain in the Ho Family\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\",\"name\":\"Erik Gibbs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"caption\":\"Erik Gibbs\"},\"description\":\"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Portugal's Casino Lisboa and Casino Estoril to Remain in the Ho Family - Casino.org","description":"Portuguese gaming authorities have made their decision regarding who gets a new license for two casinos. The results of the bidding process weren\u2019t too","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/","og_locale":"en_US","og_type":"article","og_title":"Portugal's Casino Lisboa and Casino Estoril to Remain in the Ho Family - Casino.org","og_description":"Portuguese gaming authorities have made their decision regarding who gets a new license for two casinos. The results of the bidding process weren\u2019t too","og_url":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-10-28T13:34:14+00:00","article_modified_time":"2022-10-30T13:59:21+00:00","og_image":[{"width":1200,"height":789,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg","type":"image\/jpeg"}],"author":"Erik Gibbs","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Erik Gibbs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/","url":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/","name":"Portugal's Casino Lisboa and Casino Estoril to Remain in the Ho Family - Casino.org","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg","datePublished":"2022-10-28T13:34:14+00:00","dateModified":"2022-10-30T13:59:21+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca"},"description":"Portuguese gaming authorities have made their decision regarding who gets a new license for two casinos. The results of the bidding process weren\u2019t too","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/Pansy-Ho.jpg","width":1200,"height":789,"caption":"Pansy Ho poses for a photo Pansy Ho stands on top of the Shun Tak Centre in Hong Kong. Her family's gaming interests in Portugal are going to remain intact. (Image: Getty Images)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/casino-lisboa-and-casino-estoril-in-portugal-to-remain-in-the-ho-family\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Portugal’s Casino Lisboa and Casino Estoril to Remain in the Ho Family"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca","name":"Erik Gibbs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","caption":"Erik Gibbs"},"description":"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.","url":"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/239891"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=239891"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/239891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/239890"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=239891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=239891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=239891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}