A British casino based up North is predicted to attract up to 75,000 visitors a year.
When The Palace Casino opens on Thursday next to the existing Palace Bingo, it will take the investment of entrepreneur Patrick Duffy in the town's old Tesco site to more than £9m in five years.
Far from being daunted by competition for the new licence from Pleasure Beach boss Albert Jones for a larger casino in the area, Albert's consortium has already shown off plans for a £35m casino and leisure complex called The Edge, looking to transform a large swathe of the Golden Mile. Mr Duffy simply commented: "I have already shown I can deliver, investing nearly £1m in the town for every year I have been in business."
He said to meet the space criteria for a larger casino licence he would simply knock down two walls between the present Palacebingo and Palacecasino clubs to create a new gambling experince for the Yarmouth.
