SPAIN: Extremadura makes official the "Great Leisure Facility" of Elysium with allusion to one or more casinos

 Thus, it explains “if the project entails the installation of casinos, a responsible declaration is required, granted by an administrative authority or a notary public, of not having been sanctioned for infractions in matters of gaming, a minimum share capital accreditation of € 600,000 for each requested casino, and other documentation according to the Extremadura casino regulations ”.

And it adds: "Castilblanco Elysium Corporation, SAU" will be the owner of the rights and obligations derived from this classification of "large leisure facility", without prejudice to the transfer of the exploitation of its unique activities. The rights and obligations derived from being classified as a "large leisure facility" may only be transferred in whole or in part or assign their exploitation to third parties, who will be subrogated in compliance with the duties and obligations derived from it. All transmission will require prior and express authorization from the Junta de Extremadura.

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On the other hand, the Chairman of the Board, Guillermo Fernández Vara, on the status of the leisure facility project, states that "a further step has been taken" which is "important" in terms of compliance with certain elements that the law required for be recognized as a large leisure facility initiative. He recalled that he was not like those who from "minute one" spoke of "fantasy" about the project, nor does he indicate that "it is already done", while "a step has been taken, an important step, that it relates to compliance with certain elements that the law required to be recognized as a large leisure facility project and now will come the key moments in which the documentation that allows the corresponding authorizations in the future will be presented ".

The next step for Elysium City is to submit documentation to begin the installation of the mega-complex