UK & Croatia
Cubus Lux acquires Plava Vala and rights to build and operate marina on Uglijan
Tuesday, 07 February 2006
AIM listed casino operator Cubus Lux PLC, which currently operates three casinos in Croatia, has acquired Plava Vala, the company that owns the license to build and operate a marina on the island of Uglijan in Croatia.
Cubus Chairman, Gerhard Huber, said: â€śThis acquisition is part of our goal of becoming the pre-eminent tourist and leisure business in Croatia. We have identified further leisure opportunities and have already started work on a proposal to establish one of the first golf resorts in the country.â€?
In 2004, Plava Vala (Blue Bay) d.o.o. signed a contract of concession to build a 203 berth marina, at Sutomiscica, on Ugljan, in the natural bay in the centre of the town. At the time, it was expected that the marina would be ready to receive the first yachts by the end of 2005 and would be completed by Easter 2006.