Tag Archives: Wembley Casino

Vegas Comes to Wembley with Casino Plan

By | May 3, 2018

By Ben Harding LONDON (Reuters) – Rundown land surrounding London’s Wembley Stadium will be transformed into a glitzy $600 million gambling resort in a joint venture between U.S. group Caesars Entertainment and Britain’s Quintain Estates. “Caesars Wembley” will sit 200 yards from the reborn home of English football — the new 90,000-seater National Stadium — and will incorporate a casino, a luxury hotel, designer shops and ballrooms, the two firms said on Tuesday. Under plans announced by the Las Vegas-based Caesars, hordes of football fans will be able to sip coffee in outdoor cafe-style bars and restaurants that will line routes to the stadium, such as the famous Wembley Way. A 400-room, 9-storey hotel will stand next to the stadium, site of England’s 1966 World Cup victory, giving visiting teams and fans a sneek preview of the imposing stadium the night before the big match. And players and fans will be able to celebrate or drown their sorrows afterwards at one of 135 gaming tables or 1,250 slot machines at a 75,000 square foot casino. Quintain’s director of property Nick Shattock said Caesars Wembley would draw guests and customers from a new generation of Wembley fan. The stadium will incorporate 200 corporate boxes and 13,000 premium seats, each costing nearly 4,000 pounds plus 1,750 pounds a year thereafter. “People in the past came to Wembley an hour before kick off and left as soon as they could get out of the car park. We want to change that … we want to create a day out for them,” Shattock told Reuters. Under terms of the joint venture, Quintain will provide the real estate with Caesars putting in cash to the value of that land. The remaining cost of the project will be funded equally through debt and each company’s cash resources, Shattock said. Building on the 13 acre site is due to begin in mid 2005, assuming Parliament has passed legislation relaxing UK gambling laws by then, and should be finished late 2008 — 2 years after the new Wembley holds its first FA Cup Final, the showcase of England’s domestic soccer season. CAESARS SEIZE ON NEW LAWS Caesars’ involvement in redeveloping the depressed northwest London district comes less than a month after the government published its latest plans to deregulate the gambling industry, which analysts said were likely to favor the big U.S. players.…

Caesars, Quintain to Build Wembley Casino

By | March 11, 2018

LONDON (Reuters) – U.S. casino firm Caesars Entertainment Inc. and Quintain Estates have formed a joint venture to turn the area around London’s Wembley Stadium into a $600 million leisure and gambling resort. The 50-50 joint venture, Caesars’ first foray into the European casino market, would include a 400-room luxury hotel, conference facilities, a casino, shops, restaurants and bars, Britain’s Quintain Estates & Development Plc said Tuesday. “Wembley promises to become one of Europe’s top new leisure destinations,” Caesars Chief Executive Wallace Barr said in a statement. “With that in mind, Wembley is a natural location for our first European casino project … Wembley is a name known around the world and is synonymous with the best in entertainment.” The plan to transform the 650,000 square foot space around England’s redeveloped national stadium. It includes revamping the Wembley Arena music venue as well as the construction of Britain’s biggest cinema complex, Caesars said. Last month, the UK government gave Quintain approval to redevelop the land by the stadium, the site of England’s World Cup soccer victory in 1966 which is being rebuilt. Quintain said at that time it expected to start building by the end of the year and planned for the first new areas of public space to be ready in time for the reopening of the stadium in 2006. The project is still subject to planning approval and reform of Britain’s gambling laws, which are expected to be overhauled in a new Act that should begin its passage through parliament later this year. Quintain shares closed at 460 pence Monday.…