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Motion to renew Casino licence approved

Wednesday, 20 January 2016 13:35

New legislation means minimum government return of £300,000 for licensees

A motion to renew the Island's only casino licence was approved by Tynwald yesterday (Tue).

Since 1986, the Gambling Supervision Commission has awarded a single licence for a maximum term of ten years - the current holder is the Palace Hotel and Casino.

The new legislation will ensure an increased minimum government return of £300,000 for licensees.

Economic Development Minister Laurence Skelly said it also opens up the possibility of a second casino:

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