"Slovenia's lawmakers will next month start debating changes to gaming and business-ownership laws that would allow Harrah's Entertainment to partner on a $1 billion casino development near the Italian border.
The Las Vegas gaming company agreed in early June to take a 49 percent stake in partnership with Hit, a Slovenia-based developer, for a mixed-used project in western Slovenia.
The agreement allows Slovenia's Finance Ministry to propose and debating changes to regulations that only allow a 20 percent stake by foreign investors in businesses and to the country's gaming tax, which is close to 60 percent.
'The government has a desire to see an increase in tourism,' said Jan Jones, Harrah's senior vice president of government relations. 'They also realize they need partnerships to realize that goal.'
Jones said the current tax rate is prohibitive for Harrah's to see a return on its investment.
The casino would be Eastern Europe's largest, with 1,500 rooms, 2,000 slots, table games, convention and event space, clubs, bars, restaurants and a spa. The partnership is considering six building sites around the western city of Nova Gorica."
Source: Casino City Times