|The UK’s Millennium Dome, perceived by many as a dismal, expensive failure, could be the site of a huge new casino. Park Place Entertainment, the worlds biggest gambling organization and owner of Caesar’s Palace is in talks to open a casino on the Dome’s site in south London. The Dome, formerly a publicly funded visitor attraction marking the Millenium, is currently vacant and awaiting development.|
Senior officials from Park Place, led by Peter George, former Hilton Group CEO, had talks last month with Anschutz Entertainment Group, one of the leaseholders of the Dome. It is understood that Anschutz wants a casino to complement its redevelopment plans, which include a massive hotel, sports and concert venue.
Park Place’s plans are dependent on the UK government’s plans to liberalize gambling laws sometime in 2003.
John Kelly, CEO of Gala Group – one of the UK’s biggest gaming firms – said: “North America is becoming more active in Britain, tempted by the opportunities that liberalization will bring – so it’s not surprising that Park Place is interested.”
The Dome cost UK taxpayers more than £800 million ($1187 million), but the lease cost Anschutz nothing. Anschutz will fund development and is involved in a profit-sharing arrangement with the government.