The Isle of Man Department of Economic Development is interested in receiving “expressions of interest” from developers to create the island’s first five-star hotel and casino complex.
The Isle of Man does not tax gaming in land-based casinos and sets no limit on the number of slot machines.
The move follows the recent establishment of a second land-based casino license.
According to the press release, “Quantitative and qualitative visitor information suggests that there is a market need for a new five-star hotel and leisure complex.”
Minister for Economic Development Allan Bell MHK (who was recently named to take over IOM’s gaming development) said, “I believe the granting of a second casino license and development of a hotel complex will be a great asset to the Isle of Man, creating significant economic opportunities and benefit.
“Not only will the development create jobs in the construction and leisure industry, but it will also significantly add to the island’s excellent existing services.”
Tim Craine, director of the Business Development Agency for the IOM Department of Economic Development, said, “This is a rare opportunity to build on and complement our existing visitor and leisure facilities on the Isle of Man. We are looking to work with organizations interested in the construction, ownership and management of hotel and resort complexes.”
Submitted tenders will be considered by the Department of Economic Development, which will be liaising with Global Betting and Gaming Consultants and the IOM Gambling Supervision Commission. The government will arrange meetings with representatives of interested parties to answer any queries.