|A massive casino at Coventry’s new Arena complex will bring about 1,000 jobs to the city, it was revealed today.|
American firm Isle of Capri Casinos today signed an agreement in principle to develop the casino on the Foleshill gasworks site. It will be five times bigger than any casino in the UK and form part of the new Coventry City stadium complex.
The firm, which is listed on Nasdaq and runs 15 riverboat, dockside and land-based casinos, wants to invest a rumoured £50 million in bringing its style of casino to the Midlands.
Chairman and chief executive Bernard Goldstein, the entrepreneur who set up the firm, said today: “We look forward to becoming a partner with the community in the development of the Arena Coventry.
“The Isle of Capri-Coventry will bring numerous economic benefits to the area, including employment opportunities.”
The 100,000 sq ft casino will be underneath the arena building which will be owned by Coventry City Council and run by a joint venture firm between the council and the Sky Blues.
Development of the complex will depend on the UK government relaxing gambling laws.