Friday, 25 January 2013
Southampton large casino licence article
Interesting article by Intergame on the licencing of a large casino licence in Southampton, UK. It will be interesting to see who will win the bid process and what they propose to build.
Casino industry leaders are set to meet civic bosses to discuss how the development could take shape. When this is complete the council will begin inviting bids from casino operators in an open competition which will look for the application bringing the “greatest benefit” to the city.
City council leader Richard Williams said: “It is an opportunity and something that the administration wishes to explore, but we need to ensure that this process is water- tight.” It is understood that it could take 18 months before a licence is awarded and the process will involve consultation with residents.
More than a dozen companies, including international operators, have so far contacted the council to register an interest in bidding for the project. The city council has earmarked the major US$713.5m redevelopment of the waterfront at the Royal Pier as its preferred location for a large casino.
A super-sized casino, one of only eight allowed in the country, could bring hundreds of jobs and millions of pounds of regeneration to the city. The licence would allow an operator to build a casino housing 150 slot machines and up to 30 tables for blackjack and poker.
Southampton was one of eight local authorities that were granted the right to award a large casino licence four years ago, but the recession, changes in gambling duties and the council’s previous lack of interest in moving the controversial issue forward stalled progress.