Casino Campione D'italia News

4/5/2022

Europe’s largest casino is celebrating the popularity surrounding Konami’s Smash Smash Festival linked games, launched at the lakeside venue last December. The Casino of Campione is the largest employer in the municipality of Campione d’Italia, an Italian exclave within Switzerland’s Canton of Ticino. Casino workers are protesting outside the casino on a daily basis and have erected tents outside the huge venue amid banners that read ‘SOS Campione is dead.’. Casino Municipale di Campione d'Italia property details section: This casino is located in Campione d'Italia, Italy. Casino Municipale di Campione d'Italia has a total of 778 slot machines and 56 table games for you to enjoy. WCD also books casino hotel reservations in Campione d'Italia.

Last July, the oldest casino in Europe declared bankruptcy and was forced to shut down their operations. The Casinò di Campione closure has led to some far-reaching effects on the town it used to inhabit. Creditors are now taking to the court in an attempt to help more than 2,000 people affected by this casino going under.

It’s an unfortunate ending for what was the lifeline to an entire community of people. We’ll now take a look at the history of this important casino, and discuss what has led to its closure.

Storied History of the Casinò di Campione

The Casinò di Campione lies inside the small Italian municipality of Campione d’Italia, located geographically within Switzerland but falling under Italian rule. The casino opened in 1917 as an information gathering and espionage location during WW1, and closed in 1919.

In 1933, the casino once again opened its doors, this time under a legal decree that the revenue it earned would be used to operate and maintain the municipality it lies within. The casino quickly became the biggest business in Campione d’Italia, with nearly all individuals and businesses in the area reliant on its operations.

Campione D'italia Casino News

In 2007, a massive reconstruction process of the Casinò di Campione began. The entire casino was destroyed and replaced by more than 55,000 square meters of new real estate in an attempt to attract more foreign visitors. Call it fate, or bad luck, but less than a year later the Italian economy found itself in a recession that continues to this day.

Before long, the casino was experiencing heavy losses. Inadvisably, they continued hiring new employees and racked up nearly €73 million in debt. The courts officially called on the casino to close their operations this past July, yet thousands of people in this region with ties to the casino are now faced with serious problems.

Newest Updates in the Casinò di Campione Closure

Today, over 200 creditors headed to the courtroom in an attempt to save what’s left of the casino. More than 500 people worked at the Casinò di Campione, all of whom have not been paid since they closed shop in July.

The Swiss government may be the only savior at this point. They’ve pushed to absorb the Italian enclave for years, yet all of their offers have been rejected. With the entire community facing an economic disaster, the Italian government may be forced to change their tone and allow Switzerland to take over the situation.

There are others that want to see the casino reopen. As of today, no progress has been made on that front. Those affected by the Casinò di Campione closure are being forced to sit and wait while the government figures out what to do.

Could Online Gambling Help the Situation?

Italy has been a notoriously difficult country when it comes to online gambling over the years. In 2010, the market finally opened up and most of the top internet gaming sites in Europe now operate here.