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Online Casino Conditions >>> Betting News >>> April News


Peterborough Businessman Pledges to Invest in UK Casino


Online Casino Conditions Staff
April 12, 2006

With the time drawing closer on who will be appointed the rights to sixteen pre-approved casinos in the UK, more individual parties are stepping up to express their interests.  The latest is millionaire businessman, Rinaldo Fasulo, who currently has stake in UK's Broadway Entertainment Complex, Gaston Restuarants and the Sessions House.

Rinaldo announced that he is willing to invest £50 million into a new, flashy casino, which he backed by writing a letter to Peterborough City Council Chief Executive, Gillian Beasley, asking her to consider the fact that he has invested nearly £25 million into the city of Peterborough.  In fact, Peterborough City council has already contacted the Casino Advisory Panel and applied for their right to bid for one of the sixteen casinos.

A former nightclub owner, Rinaldo hopes the City Council will back a local businessman in heading up a charge for building the casino.  He believes that a property in Peterborough cannot stand to lose, for it would undoubtedly attract high rollers and tourists who already substantial amounts of money into the local economy.

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