Sold Ricoh casino in £1m revamp - Wednesday 13th of May 2009

The casino at Coventrys Ricoh Arena is to see a £1m revamp after being sold.

The casino was bought by UK firm Grosvenor Casinos in a £650,000 deal, two months after Isle of Capri Casinos said it would pull out of the site.

Grosvenor Casinos, which is owned by the Rank Group, said the new G Casino would feature traditional games and a new sports bar and restaurant.

Daniel Gidney, chief executive of the Ricoh Area, said it was very good news for the arena and for Coventry.

He said: "Rank is a recognised leader in the UK gaming market and I am sure it will make a success of what everyone accepts is an outstanding venue."

The Isle of Capri casino opened in 2007 as part of the £113m Ricoh Arena.

But in February it said it was selling the casino as a result of the "restrictive regulatory landscape in the UK".

The American company had originally hoped to open a "super casino" on the site but the government said only one such regional casino was allowed.

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