The company has promised a family friendly leisure complex
A £30m family leisure complex could be built on the former Summerland site in the Isle of Man, the government says.
The Department of Tourism and Leisure (DTL) has chosen the Sefton Group's proposal for a complex known as The Wave out of four submissions.
Cinemas, bowling alleys, restaurants, bars and conference facilities could all be included in the "iconic" complex, the DTL said.
The site was the scene of a fire in 1973 which killed more than 50 people.
Proposals by the Sefton Group are now subject to contractual negotiations with the DTL, which owns the site.
Officials said they hoped all the required approvals and site surveys would be done by 30 June.
Tourism minister Martyn Quayle said The Wave would provide "much-needed" family leisure facilities for all age groups on the island.
"Clearly, this is a very significant step forward in a long-held ambition of the department to see a state-of-the-art, family-friendly facility to replace Summerland with what would be a fantastic iconic building," said Mr Quayle.
"Undoubtedly, there is much more work and discussions required and I will be facilitating a presentation for all Members of Tynwald on the plans and proposals in order to seek their approval prior to the summer recess."
The Sefton Group's chief operating officer Mark Lewin said the firm was delighted the department had chosen its vision for the site.
"We are now committed to further investment which will enable us to proceed with the next steps expeditiously such as the critical site surveys and the necessary consultations," said Mr Lewin.
"We will then be able to proceed quickly with construction provided all the requisite approvals and contractual agreements are also completed in a timely manner."
Mr Lewin said the company's existing cinema, casino and bingo facilities would be relocated to the new complex should it go ahead.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.