While some industry stakeholders seek to launch online casinos in the UK market, others are perfectly confident about the growth prospects of land based establishments.
Among them is Genting UK, Britain’s largest brick-and-mortar casino operator and subsidiary of the large Malaysian conglomerate Genting Group that has obtained funds from RBS for its Birmingham casino development project.
Genting UK already possesses a portfolio of more than 40 casinos, licensed under British gambling laws to service players across the nation and the new resort will be a valuable addition to it.
Works on Resorts World Birmingham started right away after receiving the unspecified, but ‘significant’ funding. Genting UK CFO Richard Salmond said that RBS “clearly understood our ambitions and matched our passion for developing the region with this deal.”
He went on to add that “the bank developed a bespoke package to assist with our project and has been instrumental in helping this project become a reality. We’re confident that this project for Birmingham will boost the local economy and become a core asset for the company in the UK.”
RWB will be located at the National Exhibition Centre (NEC) and is expected to create close to 1,000 permanent jobs once the construction is finished.
RBS has also made it clear that they had full confidence min the deal and the client. Robert Newell, Large Corporate Coverage Relationship Director for the Corporate and Institutional Banking section expressed this belief when he said that “Genting is a world famous brand and this latest project is very exciting.”
“In particular, it shows the company has a strong commitment to the local economy. We hope the resort will be very successful and are looking forward to watching it develop and grow,” added Newell.
If all goes according to plans, the opening of Resorts World Birmingham will hit the pages of UK gambling news portals in 2015.