Both the National Lottery and UK betting shops have reported an increase in business in the economic downturn. It appears that to some the chance of winning the jackpot by spending more money is a gamble worth taking. With advertisements such as ‘in it to win it’ to tempt them, it is, perhaps, hardly surprising. A recent PricewaterhouseCoopers study reports that small-stakes gambling, such as bingo, lotteries and fruit machines, is proving to be more resilient in the present climate than casino gambling.

It seems an age since sixteen ‘lucky’ councils were awarded the new casino licences under the Gambling Act 2005. Now into 2009, little real progress has been made in providing the promised employment opportunities and entertainment centres. However, this week Middlesbrough – with one of the eight large casino licences at its disposal – has called for the public and local businesses to comment on its draft gambling policy ‘Statement of Principles’ that is required under the Gambling Act.

A council spokesman said that when gambling policy was finalised then the hunt would begin for a suitable operator. Criteria for applications would include strong management with ethical and socially responsible attitudes and ongoing staff training programmes. The Council expects that the new casino licence will bring overall benefits to local residents.

Two large casino licences in areas where operators have expressed interest are in Great Yarmouth and Solihull. In Great Yarmouth three developers, one linked with Aspers, have put forward proposals. The Council has yet to invite bids and is considering the terms under which applications can be made in the future. With tough credit conditions in force, lower gaming revenues and higher gaming taxes, there is little enthusiasm for expansion amongst most operators.

One year ago it was reported that Birmingham’s The NEC Group, which comprises the National Exhibition Centre, the NEC Arena, the International Conference Centre, the National Indoor Centre and the Symphony Hall, had unveiled a plan to develop a leisure and entertainment complex with partner Genting Stanley. However, as the casino licence will be awarded at the discretion of neighbouring Solihull Council, the NEC will have to demonstrate that its proposal offers the best opportunity for the region.
(E-06.09.09)

© Copyright 2009 CasinoCompendium



>>> return to archives
>>> return to frontpage