License cleared for a new casino in Malta

The venue will join other the other three currently operating in the country: Dragonara Casino, Oracle Casino and Portomaso Casino.

Malta.- The Malta Gaming Authority has issued a license for Casino Malta in St Julian, which will become the fourth casino in the country with an estimated investment of  €12m (US$13.12m.) Eden Leisure will open the new venue at the Intercontinental Hotel in St Julian and  Olympic Entertainment Group (OEG,) the European casino owner and operator, will be overseeing the casino.

Owners Ian and Kevin De Cesare said: “We are lucky to have great operator partners in our businesses from Olympic Entertainment to our hotel operators InterContinental Hotel Group. Together we will ensure that the industry is grown rather than cannibalised from other operators.”

The businessmen also added: “The synergies of significant hotel accommodation, an existing entertainment business and great partners is, what we hope is a tremendous winning formula.”

Local media reported that the projected casino already has 175 full time staff, that have been receiving training in Malta and in other casinos owned by Olympic Entertainment Group.