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Being home to four land-based casinos – Casino Malta, the Dragonara Casino, Oracle Casino and Portomaso Casino, the government of Malta has issued a request for proposals (RFP) for a new casino.
The RFP regarding a “concession to open and operate a casino in Malta.” was published in the government’s official newspaper, the Malta Gazette. The country’s Privatisation Unit (PU) is overseeing the process and all submissions must be made in public no later than noon on April 7. Deadlines are in place to facilitate the process, including a cut-off date of March 1 for any requests for clarification on the RFP. Responses to those requests will be delivered no later than March 17, which will then give candidates two weeks to make their final submissions.
The PU explains on its website: “The Privatisation Unit, acting on behalf of the Ministry for the Economy and Industry?, is hereby inviting Prospective Proponents to submit Proposals for the opening and operation of a casino in Malta. Prospective Proponents are reminded that for the opening and operation of a casino in Malta, the Successful Proponent must, in addition to holding the Concession, also hold a valid Casino Licence issued by the Authority in terms of the Gaming Authorisations Regulations.”
There are some restrictions and proposals must come from companies that are established and registered in the European Economic Area with the the entity being fully owned by that company. The casino will also have to be built in a tourist location as designated by the Malta Tourism Authority, with Gozo and Comino being off limits.
The announcement of a new concession does not necessarily mean that Malta will be getting a fifth casino. However the Dragonara Casino could be replaced by a new operation after the government recently decided not to extend its 10-year concession and instead opened up for proposals.