Interactive Limited is an associate company of Gaming Limited; the leading land based gaming operator in Malta. Since taking over the Casino in July 2010, DGL has invested more than EUR15 million to transform the Casino into one of the most prestigious gaming properties in the Mediterranean.
Around 350,000 patrons visit the Casino each year making theCasino the leading Casino in Malta. The Palace opened as Malta’s first Casino in 1964 and was one of the first major projects to establish Malta as a prime tourist destination. The Dragonara Casino is recognised as one of the most prestigious and established Casinos in Europe.
Dragonara casino The Palace
The Dragonara Casino opened its doors on July 15th 1964 in what was considered as one of the first major projects to establish Malta as a tourist destination. Dragonara Gaming Limited, a fully-owned Maltese company, took over the helm of the Casino in June 2010.
“When we took over the concession to operate and manage the Dragonara Casino, our vision was to create the foremost gaming and entertainment destination in Southern Europe,” said Mr Johann Schembri. “We set out to attain this ambition on the first day we took over the operation, mindful of the fact that we must preserve the past whilst investing in the future.”
Since 2010, the company has invested over €15 million in refurbishment works and product upgrade. The Dragonara Casino attracts over 1,000 patrons a day, enjoys a 50% market share and has a staff compliment of 200.
Multi – million euro extension and restoration programme unveiled.
During the event, Mr Johann Schembri unveiled a new investment programme which will see the company invest in a multi-million extension development and restoration of the Dragonara Peninsula. The investment plan includes amongst other, the restoration of the Palace, the surrounding fortifications and main gate, the embellishment and landscaping of the surrounding grounds including the main avenue and the reconstruction of some architectural features that have been lost over the years.
The development project will include the reconstruction of the building at the north tip of the peninsula known as ‘Dragonara Point.’ This will accommodate an International Poker Venue capable of attracting international renowned brands to Malta, a casino extension aimed to develop the private gaming niche and a Sports book. The project will include private suites for international high rollers and a club to be run by a top international franchise. An underground parking facility of 250 parking slots will complement the project.
“Once completed the project will provide tangible economic benefits for Malta,” said Mr Schembri. “The project will create an additional 120 new jobs, will contribute millions in additional gaming tax and provide the hospitality industry with thousands of incremental bed nights, especially in the shoulder months. The restoration project will also mark our contribution to Malta’s status as the European Capital of Culture 2018,”concluded Mr. Schembri.
The Minster for the Economy, Investment and Small Business, Dr. Chris Cardona stated that the new multi-million Euro investment project planned for the Dragonara Casino is a declaration of confidence in Malta, its people, its business potential and future success.
Minister Cardona referred to the recent report by the credit rating agency Standard & Poor’s that has affirmed Malta’s economy as stable and is expected to grow faster than currently anticipated if tourism exports continued to outperform.
“Establishments such as the Dragonara Casino and others operating in the tourism sector have a very important role in enhancing the economic growth and economic stability of our country.” said Minister Cardona.
At the end of the event, the Honourable Dr Chris Cardona unveiled the restored statute of the Marquis Emmanuele Scicluna (1820 – 1886), a symbolic gesture to mark a new era for the Dragonara Casino, wherein the historic value of the past is intertwined with the prospects of the future.