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UK
Casino Times
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News
26 May 2005
Dermot Desmond To Open Casino In
Dublin
Financier
Dermot Desmond is planning to open a casino in
Dublin.
The move marks a growing
interest in the betting and gaming business by the
financier, who is a major shareholder in Glasgow
Celtic.
Mr Desmond (54), with
wealth estimated at 1,239m, already owns Betda, the world's
second-biggest betting exchange, which enjoys a
near-monopoly in the huge Asian football betting
market.
Planning applications have
been posted in respect of two new businesses in premises at
South Anne Street, off Grafton Street.
The first of these is in
the name of Justin Carty who manages Chronicle Bookmakers,
which Mr Desmond bought to add to his bookmaking portfolio.
In Mr Carty's name, Mr Desmond is looking to open a betting
shop on the ground floor.
The other application is
for a "private members' club", which sources close to the
Desmond empire say will provide high-class casino
facilities.
This application is in the
name of Albert Sharpe, who is an employee of Chronicle
Bookmakers and who, along with Mr Carty, enjoys a
high-profile presence on Ireland's racecourses.
The operating of casinos
in the capital comes into an uncertain legal area as, in the
last decade, Dublin City Council rescinded Part 3 of the
1956 Gaming and Lotteries Act. The National Lottery is run
under an addendum to the 1956 Act but the main body of the
legislation has never been updated.
According to legal
experts, the owners of up to a dozen casinos already in
Dublin bypass the restrictions by confining play to "private
members."
No one at Dermot Desmond's
office was prepared to comment yesterday.
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