Construction group Galiford Try is to build a casino complex at the National Exhibition Centre in Birmingham.
The £89m deal with Genting UK, the largest operator of casinos in the UK, includes construction of the casino, as well as a 176-bed hotel, and a spa.
The 'Resorts World' project will also house conference facilities, a factory outlet centre, a cinema complex, retail space and parking.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Construction is set to begin this month and is expected to be completed in January 2015.
Chief Executive Greg Fitzgerald said the contract represented a significant success for the business in a difficult market for construction.
"We are delighted we have completed a successful negotiation with Genting UK and now look forward to starting on site on what will be one of the most prestigious projects in the Midlands of recent times."
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
