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Grosvenor Casinos, owned by British leisure gaming company, The Rank Group, has paid £650,000 for the casino at Coventry City Football Club's Ricoh Arena.
Current operators, Isle of Capri, built the Coventry casino in the hope of a ‘supercasino' licence, but the company is leaving the UK market to mitigate its losses now that the expected changes in UK laws have not materialised.
Rank plans to invest a further £1 million to refurbish and re-brand the site as a G Casino, and has bought the lease liability from Isle.
Phil Urban, Managing Director of Grosvenor Casinos said: "I am excited at the prospect of bringing the G Casino to Coventry as part of the superb Ricoh Arena."
Meanwhile Rank has announced that it is investing £1 million in its casino in Bolton, which, the company says, will feature some of the most technologically-advanced gaming equipment on the market, an enclosed 143-seat Poker room, and a Mediterranean-inspired restaurant called The Gallery.
The Bolton venue is the seventh to be branded a G Casino by Rank, which operates 33 casinos.
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