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Millionaire Bets on Casino

13 April 2006

UK – As reported by the UK Evening Telegraph: "Millionaire businessman Rinaldo Fasulo showed his hand today – and revealed he is willing to stake £50 million on opening a glitzy casino.

"Laying his cards on the table, Rinaldo, the former nightclub owner said he was hoping the city council would back a local man getting the gambling licence.

"Mr Fasulo, whose Peterborough business interests include the Broadway entertainment complex, the Sessions House and Gaston restaurants, believes he would be on a winner, because a Peterborough casino would attract high rollers and tourists, who would pour millions into the local economy.

"Peterborough City Council has applied to the Casino Advisory Panel for the right to have one of 16 new 'large' (1,500 sq m) casinos, which are set to be built under new gambling laws.

"Mr Fasulo has written to chief executive Gillian Beasley asking for her support, pointing out that he has already ploughed £25 million into city enterprises…"

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