Solverde was founded in 1972 by Manuel Violas. Dedicated to the Tourism and Leisure industry the Solverde group owns Casino Espinho, opened in 1974, the three Algarve casinos - Vilamoura, Monte Gordo and Praia da Rocha - and Hotel Casino Chaves, that opened its doors in 2008. In the hospitality industry the group led by brother and sister Manuel e Celeste Violas owns the Hotel Solverde Spa & Wellness Center - the only five star Hotel near the beach in the Oporto area - the Hotel Apartamento Solverde, in Espinho, and the Hotel Casino Chaves, a four star Hotel located in the Nort East of Portugal. The Group is also present in Algarve, specifically in Praia da Rocha, with the five star Hotel Algarve Casino (Portugal's first Casino-Hotel).