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.
Público•10 months ago•
950
Portugal's State Wins Legal Battle: No Need to Repay €15 Million to Algarve Casino Group
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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
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