17 July 2006

Stanley Casinos to open 30,000 sq ft casino at X-Leisure’s Fountain Park, Edinburgh

X-Leisure is delighted to announce a letting of 30,000 sq ft at Edinburgh’s Fountain Park leisure destination to Stanley Casinos on a 25 year FRI lease. Stanley expects to open the £6.5million Fountain Park Casino during the first half of 2007.

This strategic letting by agents Montagu Evans replaces the unit formerly occupied by the Eros/Arena nightclubs at basement level.

Stanley secured its Gaming Licence at a Licensing Committee Hearing of Edinburgh City Council held at the end of June and will effectively transfer the existing licence from its smaller Berkeley Casino venue in Rutland Place to Fountain Park. This allows Stanley significant expansion of its casino operations in Edinburgh, whilst maintaining its complement of three venues in the city.

PY Gerbeau, CEO of X-Leisure comments:
“This is an exciting new letting for Fountain Park and another success in our strategy to add vibrancy and diversity to our leisure offer. Investment of this magnitude by Stanley Casinos is a further demonstration of market confidence in Edinburgh and in Fountain Park as the city’s leading leisure destination, coming hard on the heels of the brand new 25,000 sq ft Electronic Mecca Bingo in March. We are seeing more and more customers of all ages visiting Fountain Park and we are well positioned to provide leisure and entertainment facilities for many more, when the Fountainbridge residential redevelopments come online.”

Fountain Park is strategically located between Dundee Street and West Approach Road, adjacent to Edinburgh’s Exchange District. It is a 250,000 sq ft leisure destination comprising a 13-screen Cineworld cinema, an 18-lane Megabowl, 40,000 sq ft Virgin Active health and fitness club, a 25,000 sq ft Electronic Mecca Bingo and various bars & restaurants. Secure on-site car parking is provided for up to 825 cars.

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