In the island of Tenerife, Spain, there are three casinos owned by the government Casino Santa Cruz, Casino Playa de las Americas and Casino Taoro whom employs around 121 locals.
Those casinos could be sold to a local labor union, which commence a public tender for the trio with the minimum asking price for all three having been set at €24.9 million ($29.2 million USD).
The Government is now prepared to accept bids for one of more of the casinos in the next 45 days.
But there are to main condition the first one is that the successful applicants must agree to spend at least €4.5 million ($5.2 million) over the next four years to expand or renovate any new venue they purchase. And the bidder’s winner must keep these workers on until at least the end of 2020 while fully respecting their rights under Spanish labor laws.
However, the staff of these three casinos whom are represented by the local chapter of the General Workers Union of Spain unanimously approved a measure to fight the process, because the sell-off has “nothing to do with the general interest and that of the workers”, also described the two-year job guarantee provision as “unacceptable”.
