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Expert Warns Against Football Casinos

25 Feb 2005

UNITED KINGDOM – As reported by the icNewcastle: "An expert on the gambling industry has warned potential backers not to invest in casinos near North-East football grounds because of hooligans.

"Gaming industry consultant Steve Donoughue claims it is 'traditional' that fans drink as much as they can and fight at matches.

"He has told American investment banks who could be prepared to back American casino companies that deals with football clubs are 'ridiculous'.

"…But businesses, fans and one casino firm planning to invest in the region attacked his claims. A planning application from Las Vegas Sands Inc. has been submitted for a £100m complex at Sunderland's Stadium of Light, creating 1,200 jobs, while Newcastle United have a deal with MGM Mirage.

"…A source close to MGM Mirage - who have signed a deal with Newcastle United - said: 'The very fact it's Newcastle United adds a lot to the deal with its status in the city. MGM Mirage is confident that subject to legislation, planning, and the future taxation regime the project will go ahead and it remains very excited about coming to Newcastle.'…"

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