Operator News
Europe – Easton Pharmaceuticals confirms involvement in European river casino project
By Phil - 3 September 2018
Easton Pharmaceuticals, a diversified speciality pharmaceutical company, is promising that it will soon be a new name in European gaming, after buying an interest to participate in the development of a casino and hotel resort in Europe.
The currently unspecified project will consist of 538 Hotel Rooms & VIP Suites, five Restaurants & Food Court, a Convention Centre, a Shopping Mall, Showroom, Nightclub, Health Spa Facility, a 1,000 Slot Machines and 50 Table Game Casino, and a 504 Car Covered Parking Garage.
As part of the company’s plan to enter more lucrative market segments, Easton has entered into a Letter of Intent with the US based gaming arm of a Canadian holding and investment company, to participate in the development of a casino and hotel resort property in Europe. The revenues are expected to be in excess of €77m per year.
“This casino and hotel resort project will be a high-end development in an idyllic river location and will be the second Casino Hotel Resort Easton intends to participate in as part of our global expansion plan. It is expected to be one of the most prominent properties when it opens. I am excited for the prospects of having Easton participate in such an incredible opportunity,” said Evan Karras. “This agreement is one of several that Easton is entering into for gaming globally and will bring the company and its shareholders tremendous value and growth.”
Easton is currently negotiating its participation in the project and will provide assistance with the development, management and financing of the project. The property offers substantial upside, both in the gaming sector, as well as the hospitality sector.
The negotiations are anticipated to be completed within the next 30 days with additional detailed information to be provided in the coming weeks or as it becomes readily available.
