|Plans to use the Millennium Dome as a huge casino cannot go ahead because of outdated British legislation. |
The Dome has already cost the British people £800 million. It was given away to Anschutz Entertainment in May this year in return for a share of future profits.
But a specific rule bans huge casinos the size of Caesar’s Palace from Britain. Anshutz Entertainment had hinted that it would consider a casino as part of its redevelopment plans and it known that Park Palace Entertainment, the world’s largest gambling company, was looking at the Dome as a possible first step towards moving into Britain. It was expected that the move would bring in millions in profits.
AEG Europe’s managing director Detlef Kornett said, “In order for the casino to be built, the legislation needs to change and Greenwich Council needs to give its approval.”
The government plans to update gambling law in 2004. Some commentators have already warned that the changes may come too late.
Another problem is that Phillip Anschutz, head of the entertainment group, faces a civil charge from New York State. Officials there claim he was one of five executives who took profits from insider dealing in technology stocks.
Opposition MPs have called the situation the “ultimate nightmare”.