THE Isle of Man government has received a number of “interesting” responses for a 5-star hotel and casino complex, but it is still looking for further expressions of interest as the deadline approaches.
With the Department of Economic Development having reached the halfway stage in its process of seeking expressions of interest, an appeal has gone out today for others who may be interested in making an application.
Minister John Shimmin said today, “We have been pleased with the number of interesting responses we have received to date, but with the deadline of 31st January 2012 looming, we urge other parties who may wish to seize on the opportunity to get in touch.
“The Isle of Man feels that the time is right to diversify its dynamic and growing economy through the establishment of a permanent hotel and casino resort, providing a further location for gaming activities for residents and visitors alike.”
The Department says that a top class casino is the next step to furthering the Isle of Man’s position as an international hub in the gaming industry, where market demand remains high.
“With the development creating many jobs in the construction and leisure industry, the hotel and casino will present an excellent opportunity to provide seasoned gamers and tourists alike with a first class experience on the Isle of Man. The lack of gaming duty on terrestrial casinos and no limit on the number of slot machines is expected to help potentially interested parties.”
Tim Craine, Director, Department of Economic Development, added, “The Isle of Man offers a unique location for a top-class hotel and spa leisure complex and securing a prominent new high quality facility for the Island’s many leisure and business visitors will be an asset for our economy.
“We hope that development of a new hotel and casino will be a catalyst for growing visitor business on the Island through the next decade.”
Tenders submitted will involve consideration by the Department of Economic Development who will be liaising with Global Betting and Gaming Consultants (CBGC) and the Island’s Gambling Supervision Commission. The government is happy to arrange meetings with representatives of interested parties to answer any queries.
