More Bingo for city

WELL-KNOWN entrepreneur, Stefano Saviotti, the owner of the Dom Pedro hotel group, intends to buy a site in Lisbon’s Parque das Nações, to construct a Bingo hall. It has been reported that the businessman made an offer of 350,000 euros for a space measuring 1,400sqm, but the co-operative that owns the building in question has asked for double that amount. The average market price for commercial sites at Parque das Nações is approximately 2,500 to 3,000 euros per square metre, which equates to a maximum of 4.2 million euros.

Maria João Saviotti, wife of the Italian entrepreneur, referred to the deal as “pure speculation”. However, it has been reported that, according to the minutes, the subject was discussed at a recent meeting held by the co-operative.

Saviotti’s interest in bingo is nothing new. He is already the owner of a hall in Lisbon – The Panda, located in Avenida Paris – and is currently constructing another in the capital’s Avenida da República.

Parque das Nações is currently attracting other high profile investors too, the lawyer, João Nabais and musician Luís Represas, are both part of a consortium that is interested in purchasing the Pavilhão da Realidade Virtual for around five million euros. However, like Maria João Saviotti, Represas would also only comment that the deal is “speculation”.

Estoril Sol is also doing business at Parque das Nações, purchasing the Pavilhão do Futuro for 15 million euros, where it will construct the Casino Lisboa, that will open its doors in Sepember 2005.