Page last updated at 13:25 GMT, Thursday, 23 April 2009 14:25 UK

Sold Ricoh casino in 1m revamp

Phil Urban, managing director of Grosvenor Casinos (left), with Daniel Gidney head of Ricoh Arena
The casino will offer traditional games such as blackjack and poker

The casino at Coventry's Ricoh Arena is to see a £1m revamp after being sold.

The casino was bought by UK firm Grosvenor Casinos in a £650,000 deal, two months after Isle of Capri Casinos said it would pull out of the site.

Grosvenor Casinos, which is owned by the Rank Group, said the new G Casino would feature traditional games and a new sports bar and restaurant.

Daniel Gidney, chief executive of the Ricoh Area, said it was very good news for the arena and for Coventry.

He said: "Rank is a recognised leader in the UK gaming market and I am sure it will make a success of what everyone accepts is an outstanding venue."

The Isle of Capri casino opened in 2007 as part of the £113m Ricoh Arena.

But in February it said it was selling the casino as a result of the "restrictive regulatory landscape in the UK".

The American company had originally hoped to open a "super casino" on the site but the government said only one such regional casino was allowed.

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