Malta's Government grants a fresh 10-year contract to Dragonara Casino.
Dragonara Casino Secures 10-Year Concession Agreement and Announces €10 Million Investment
The Dragonara Casino, a historic landmark in Malta's entertainment scene, has been granted a new 10-year concession agreement by the Government of Malta, effective from August 1, 2021. This news comes as a boost to the casino, which has faced challenges due to COVID-19 restrictions but looks towards the future with optimism and a commitment to continue investing in the sector.
Dragonara Casino is a subsidiary of Peninsula Gaming Group Limited, a joint venture between IZI Group Plc and Toss-a-Coin Limited. Under the leadership of Dragonara Gaming Limited, the casino has regained its position as the leading casino in Malta and gained respect internationally through an aggressive investment program.
Johann Schembri, CEO of Dragonara Gaming Limited, stated that when they took over operations in 2010, their vision was to transform and modernize the casino and help the land-based casino sector flourish in Malta. This vision has been realized, as the Dragonara Casino continues to position itself as one of the most prestigious properties in Southern Europe.
In the new concession period, Dragonara Gaming Limited is investing €10 million into new technology, systems, and equipment. This investment will further enhance the casino's offerings and contribute to the growth of the land-based casino industry in Malta.
The restoration of the Dragonara Casino will preserve its historic and cultural value while offering an entertainment experience in compliance with responsible gaming and player protection. The casino's investment program has already helped the land-based casino sector flourish in Malta, as stated by Johann Schembri.
The Dragonara Casino, which has been operating in Malta since June 2010, after winning an international tender and obtaining a license from the Malta Gaming Authority, is expected to sustain its contribution to the growth of the land-based casino industry in Malta during its second term.
As always, it's important to stay informed about the latest developments in the industry. For the most accurate information about the Dragonara Casino's concession and investment plans, we recommend checking official Maltese government releases, the Malta Gaming Authority announcements, or reputable Maltese business news sources.
- The strategic investment of €10 million by Dragonara Gaming Limited will also involve ventures into the realm of data-and-cloud-computing, aiming to enhance their operations and customer experience.
- With its innovative technology, the revamped Dragonara Casino plans to extend its offerings to include an array of housing-market options, giving guests a comprehensive experience of lifestyle and home-and-garden living.
- In the broader finance sector, Dragonara Casino's bold steps have garnered attention from wealth-management firms, creating opportunities for collaboration and mutual growth.
- The casino's ambitious expansion doesn't stop at land-based operations; Dragonara Gaming Limited has expressed interest in venturing into the burgeoning fintech industry, potentially disrupting traditional money management practices.
- As the casino industry evolves, Dragonara Casino's forward-thinking approach to business and sustainable-living initiatives will position them at the forefront of responsible gambling practices, setting new trends for the casino-culture.
- The banking-and-insurance sector in Malta also stands to gain from the Dragonara Casino's revitalization, as increased foot traffic and spending could boost local economies and further develop the business ecosystem.
- For the sake of diversification, the casino is planning to delve into the travel, shopping, and casino-and-gambling sectors, with the aim to establish a unified leisure and entertainment destination.
- The casino's expansion will inevitably contribute to the employment market in Malta, as it seeks to recruit skilled professionals in areas such as technology and gaming to fuel its growth initiatives.
- In light of the Dragonara Casino's ambitious plans, Johan Schembri has invited celebrities and casino-personalities from the world of finance, industry, and entertainment to participate in launch events, further cementing the casino's status as a global cultural hub.
- Despite the new opportunities, it's crucial that the casino remains committed to the principles of sustainable living and responsible gambling, ensuring that the growth of the casino industry in Malta remains inclusive and beneficial for all stakeholders.
- As the Dragonara Casino embarks on this new chapter, its dedicated team will endeavor to uphold the distinguished legacy established over the years, bringing forth a dazzling experience to every traveler visiting Las Vegas-styled casino game floors, exhibition spaces, and luxury restaurants in the heart of Malta.
