Seen on:
as known from New York Timesas known from USA Todayas known from yahoo!
VA
The Grueling Truth - Where Legends Speak / Casino News / Casinò di Campione plans to reopen after declaring bankruptcy in 2018

Casinò di Campione plans to reopen after declaring bankruptcy in 2018

Publish Date: 07/19/2022
Fact checked by: Mike Goodpaster

The former owner of the Casinò di Campione d’Italia has proposed reopening the casino in September. Many people were taken aback when Casinò di Campione, Europe’s oldest and largest casino, abruptly closed in 2018 due to bankruptcy. The surrounding community of fewer than 2,000 people lost nearly 500 direct jobs and another 300 in partnered businesses.

The main reason for establishing a casino in Campione, a tiny Italian precinct surrounded by Switzerland, in 1917 was to use the premises as a post for spying on foreign diplomats during World War I. It closed a few years later, but reopened in 1933, the same year Benito Mussolini added ‘di’ to the town’s name to emphasize its Italian heritage.

On July 27th, 2018, a local court decision forced it to declare bankruptcy because the debts it had accumulated were too large to repay. The closure was both unexpected and brutal for both clients and citizens. Indeed, one of the most notable aspects of Campione’s casino was that the town’s life was entirely dependent on the gaming house, not least because the casino employed hundreds of locals.

With its biggest draw gone, Campione d’Italia’s visitor numbers plummeted, and some shops, bars, and restaurants were out of business. The coronavirus pandemic complicated the problem.

The good news has arrived recently, a court in the Lombardy town of Como has finalized a recovery plan that will allow the casino to reopen before the end of the year, possibly in September if all goes as planned. The casino will first employ 174 people, with the number increasing to 280 over the next five years.

According to the town’s mayor, Roberto Canesi, the reopening of the casino will help to maintain local revenue following the pandemic.

“The citizens of Campione can finally look to the future with optimism, leaving behind these dramatic past three years characterised by the long closure of the principle source of support for the local economy.” Canesi stated.

The new Casinò di Campione will also be integrated into the NOVOMATIC gaming offering on its gaming floors.

Read Also
Esteban de Jesus, Roberto Duran y AIDS (1972-89)
Many of us dream of celebrity sports fame, but only cruel individuals ...
Indiana Basketball Weekly
Welcome to Indiana Basketball Weekly, your dedicated podcast for all things Indiana ...
Bet365 Promo
Ranking the top 200 players in the NFL ahead of the 2021 season
This list isn’t based solely on performances from the 2020 NFL season. ...
Top 100 NFL free agents entering the 2021 offseason
Below is a list of the top 100 free agents available this ...
Lady Tyger’s Tale: How Marian Trimiar Mauled the Boxing Establishment of the 1970s and 80s
To Feed the Ambition in Your Heart is Like Carrying a Tiger ...
The Army Boxer Who Knocked-Down Muhammad Ali (1960)
I had wanted to write a boxing story about Junebug Hudson for ...
The Twilight Rounds: Rod Serling explores the dark side of boxing – Round seven
“In this corner of the universe, a prizefighter named Bolie Jackson, 183 ...
Five best players from each of the last ten NFL drafts
I was feeling in the mood to revisit some of the previous ...
The Top-10 Sports Leagues in the World
Sports have created a world of their own, especially now when they ...
The State of the Association Part 4
First of all, it happened. LeBron James officially opted out of his ...
Top Brands
Top Bonuses
Real Prize
Real Prize
Real Prize Review
4.8/5
Stake.us
Stake.us
Stake.us Review
4.6/5
McLuck
4.5/5
Jackpota
Jackpota
Jackpota Review
4.4/5
CrownCoinsCasino
CrownCoinsCasino
CrownCoinsCasino Review
4.3/5
LoneStar Casino
LoneStar Casino
LoneStar Casino Review
4.2/5
High5Casino
High5Casino
High5Casino Review
4.2/5
MegaBonanza
MegaBonanza
MegaBonanza Review
4.2/5
MyPrize US
MyPrize US
MyPrize US Review
4.1/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.1/5
Real Prize
Real Prize Promo
625K Golden Coins + Up to 125 SC FREE + 1250 VIP Points
T&Cs apply
4.8/5
Stake.us
Stake.us Promo
56 Stake Cash + 560K Gold Coins + 5% Rakeback
T&Cs apply
4.6/5
McLuck
McLuck Promo
150% Extra: 50K Gold Coins + 25 SC FREE
T&Cs apply
4.5/5
Jackpota
Jackpota Promo
150% First Purchase Offer: 50K Gold Coins + 25 SC FREE
T&Cs apply
4.4/5
CrownCoinsCasino
CrownCoinsCasino Promo
Get 200% More Coins on First Purchase - 1.5M CC + 75 SC
T&Cs apply
4.3/5
LoneStar Casino
LoneStar Casino Promo
Get up to 500K Gold Coins + 105 FREE SC + 1000 VIP points
T&Cs apply
4.2/5
High5Casino
High5Casino Promo
245% Extra up to 60 SC FREE + 700 Gold Coins and 400 Diamonds!
T&Cs apply
4.2/5
MegaBonanza
MegaBonanza Promo
150% First Purchase Offer: Up to 200K Gold Coins + 101 SC FREE
T&Cs apply
4.2/5
MyPrize US
MyPrize US Promo
Special Offer: 300K Gold Coins + 30 SC FREE and 10 Free Spins
T&Cs apply
4.1/5
Wow Vegas
Wow Vegas Promo
35 SC FREE and 1.75M WOW Coins
T&Cs apply
4.1/5
Our Team
Mike GoodpasterJosh SchwartzSimon BriffaMark LewisSamuel Teets
+8
Mike Goodpaster
Mike Goodpaster
Chief Editor
Josh Schwartz
Josh Schwartz
Editor
Simon Briffa
Simon Briffa
Sports Editor
Mark Lewis
Mark Lewis
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Author Icon
drjaygee
Editor
Find out what the legends have to say about sports this week....
Find out what the legends have to say about sports this week....

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town HallCloudflareSSL
Close
Our Sports Pros recommend these awesome sports betting sites this week:
DraftKings
DraftKings Promo
New Customers Bet $5, Get $300 in Bonus Bets If Your Bet Wins!
T&Cs and 21+ apply
Code:
Open DraftKings
Get Bonus
FanDuel
FanDuel Promo
Bet $5 Get $200 in Bonus Bets If Your Bet Wins!
T&Cs and 21+ apply
Code:
Open FanDuel
Get Bonus
BetMGM
BetMGM Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs and 21+ apply
Code:
Open BetMGM
Get Bonus
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Play now