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Groupe Cogit granted license for inaugural French Guiana casino

Groupe Cogit has reportedly been granted permission to bring its first casino to French Guiana, and it now hopes to start operating in a temporary gambling establishment in South American territory before the end of 2021.

According to a Friday log by G3Newswire, Groupe Cogit already operates four casinos in its home country of France and is also responsible for two venues each on the Caribbean islands of Martinique and Guadeloupe. He has been granted an 18-year license to run his Guianan-based business, but will need to wait for official approval from the Ministry of the Interior and the Casino Games Advisory Committee before it can go live.

Provisional venture:

If Groupe Cogit receives these necessary approvals, it has announced that it intends to open a temporary casino, which it expects to pay around € 200,000 to the local taxpayers each year, with annual sales of up to € 6 million. $ 6.6 million).

Secure successor:

From here, the operator announced that he would receive until the end of 2023 permission to spend about 30 million euros for the premiere of a permanent casino on a 3.7-acre lot on the outskirts of Amsterdam capital of Cayenne. It has been alleged that this more permanent venue could offer a bar and restaurant adjacent to a 460-seat theater, generating annual sales of around € 11 million ($ 12.1 million), or about € 1.2 million annually (1 $ 3 million) in taxes.

Profitable project:

G3Newswire said that Groupe Cogit expects its permanent casino in French Guiana to ultimately generate annual sales of approximately € 26 million ($ 28.7 million), according to an economic impact assessment by the France Tourism Development Agency The top ten Frenchmen would bring casinos in terms of sales. ‘

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