Study tests city casino benefits - Tuesday 28th of July 2009
Hull Council is to spend £50,000 establishing the regeneration benefits a so-called "large" casino would have for the city.
The authority won the right to issue a licence for the casino - featuring up to 150 gaming machines with a jackpot of up to £4,000 - in January 2007.
The £50,000 study is being carried out before the council seeks expressions of interest from developers.
Humber Quays and Albion Square are among the sites being considered.
A new council report said a large casino would create 250 jobs in Hull over the next five to 10 years.
It said the study would establish the regeneration benefits the council should look for when considering developers proposals.
They include creating "a unique large scale leisure venue in the city, as well as significant well-paid employment in the hospitality industry".
The report also said any casino plan should be carefully considered because of the recession.
It said: "Clearly the challenges and the opportunities facing the city have been directly impacted by the current economic downturn.
"Whilst such impacts cannot be totally mitigated by any increased expectation from the economic and regeneration benefits to be derived from any future casino operation, the relative importance of securing such benefits has increased.
"In that context... there is a need to strike a balance and manage the regeneration expectations that can be realistically expected to be delivered against a development marketplace that is experiencing challenging conditions."
The earliest the council will seek expression of interest from developers is December.
Other news from around the same time
Port considers moving - Tuesday 28th of July 2009
The Port Canaveral Board of Commissioners is considering relocating SunCruz Casinos from the cove si....
Playtech warning hits William Hill - Tuesday 28th of July 2009
Gaming stocks are taking a pasting after a gloomy update from Playtech, which supplies software to t....
The Boardwalk set to retain casino licence - Tuesday 28th of July 2009
THE Boardwalk seems set to retain its casino licence in Port Elizabeth after rival bidder Embo suffe....
Ministry to look at gambling marketing - Tuesday 28th of July 2009
The Ministry of Health wants to pay for research probing issues such as whether casinos and the TAB ....
Ministry of Health asks about gambling pop-ups - Tuesday 28th of July 2009
The efficacy of pop-up panels or "player information display systems" (Pids) to rein in problem play....
Casino operator plans float - Tuesday 28th of July 2009
THE Las Vegas Sands Corporation plans to file papers with regulators in Hong Kong as early as next m....
Indiana Casino Fined For Grand Opening No-Show - Tuesday 28th of July 2009
Indiana Live Casino in Shelby County has been fined $124,000 after being cited by the Indiana Gaming....
Casino charity odds on to help kids - Tuesday 28th of July 2009
A GLITZY casino is collecting goods to help children in some of the worlds poorest slums.Croupiers a....
Launch of Scotlandís first interactive TV casino on STV - Tuesday 28th of July 2009
NetPlay TV plc (AIM: NPT), the interactive gaming company, is pleased to announce a TV distribution ....
Online casinoís £100m gamble - Monday 27th of July 2009
THE internet gambling group Party Gaming has clinched a £100m deal to buy Cashcade, owner of foxybin....