Olswang handles casino deal

Olswang has reaffirmed its position as a key adviser of Capital & Regional’s leisure division X-Leisure after advising it on negotiations to open a casino at the company’s Great Northern leisure development in Manchester.

The instruction follows X-Leisure’s instruction of Berwin Leighton Paisner (BLP) earlier this month, to advise on the purchase of a section of Brighton Pier.

Partner Chris Adams led BLP’s team on the £65m acquisition of the commercial properties of Brighton Pier, where London Clubs International, which is negotiating to develop the casino in Manchester, also operates a casino.

Polly Farrell, property director for X-Leisure, said BLP’s instruction did not indicate a change in the company’s relationship with Olswang, but instead represented the company’s desire to retain a healthy competition among its legal advisers.

She said that Olswang and BLP were both long-standing legal advisers of the company and remain key members of X-Leisure’s informal panel.

Olswang is now advising X-Leisure on its exclusive talks with London Clubs International about opening a 46,000sq ft casino within the Great Northern leisure development, which has largely remained vacant since it was developed by AWG.

Olswang’s team is being led by commercial property partner Elizabeth Goss, while Christopher Taylor from Hill Taylor Dickinson is advising London Clubs International.

London Clubs International is also taking advice from London-based licensing specialists MJ Kusel & Co regarding the licensing of the casino.