The Italian Court of Como has ordered the temporary closure of Campione d’Italia on Lake Lugano declaring it bankrupt with debts of over €130m.
According to a report at G3newswire, the court has appointed three bankruptcy curators, Elisabetta Brugnoni, Sandro Litigio and Giulia Pusterla to examine two options for the casino—a reopening that would allow the casino to continue to operate in an attempt to honor its debt or a final closure, pending the bankruptcy procedure.
The casino employs 492 people who had agreed to reduce their salaries to prevent redundancies, but it was not enough to save the casino. The Casino of Campione is the largest employer in the municipality of Campione d’Italia, an Italian exclave within Switzerland’s Canton of Ticino, the report said.
