The move comes after a rival takeover bid from Casino Riviera, Eurotas and the Piran municipality valued at EUR 250,000 was published in December.

Casino Bled, owned by hotel and casino operator Gold Club from Koper, announced it would publish its takeover bid within 30 days.

Gold Club CEO Boštjan Stopar told the daily Dnevnik today that the offer would be higher than the one made in December by rival Casino Riviera.

The three bidders then offered EUR 0.15 per share for the outstanding 2m regular shares and 170,000 priority shares of the gaming chain.

The decision on whether to sell Casino Portoroz and to whom will now rest in the hands of the state-owned KAD and SOD funds.

Casino Riviera already holds an interest in Casino Portorož and its affiliate Euritas was reported to have provided cash to unblock the gaming chain's bank accounts late last year.

As a result Tomaž Kranjc, who is affiliated with the consortium behind Casino Riviera and Euritas, was appointed to head the one-member management board of Casino Portoroz in December.

Reports back then also said that Casino Portorož trade unions were opposed to the bid from Gold Club.