Summary:
State clears €15.5 million repayment to Solverde, the casino operator
Supreme Administrative Court overturns previous arbitration ruling
Significant impact on financial dealings with Algarve casinos
Portugal's government will not have to repay €15.5 million to Solverde, the operator of three Algarve casinos (Monte Gordo, Praia da Rocha, and Vilamoura). This decision comes after the Supreme Administrative Court annulled a previous ruling from an arbitration tribunal that had mandated the payment last July. This outcome marks a significant victory for the state in its ongoing financial dealings with the casino group.
Comments
Join Our Community
Create an account to share your thoughts, engage with others, and be part of our growing community.