πŸ– Closure of Europe's oldest casino leaves Italy's historic Como exclave in crisis

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We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. The current populist coalition government has pledged to appoint a special commissioner to consider possibilities for re-opening the casino, but a day period for naming the czar has come and gone. No-one believed the casino would close from one day to the next. Losses mounted, yet the municipality hires and salaries covered by casino revenues continued to grow, swelling to more than employees with for a town with just over residents. But the paradox is that in the factory of errors, the only ones who are paying the price are the not guilty ones β€” but the workers. His wife runs a hair and beauty salon that is also feeling the pinch. Everyone gave them credit. Thank you for your support.{/INSERTKEYS}{/PARAGRAPH} Visit our adblocking instructions page. Recession, the strengthening of the Swiss franc against the euro and legalisation of slot machines and other forms of gambling gradually took their toll on the bottom line. In a massive new palace was built with more than 55, square metres of space on 9 floors. The old casino was destroyed. C losed in , the casino re-opened in under a still valid decree requiring its income to cover the costs of operating the municipality, a law aimed at protecting the city that paradoxically may end up killing it. We rely on advertising to help fund our award-winning journalism. We've noticed you're adblocking. Those living in Switzerland have access to Swiss unemployment and other state help, but those in Campione city limits, which is legally Italy, have struggled to make ends meet. Some have sought psychiatric help in Milan, said Mr. {PARAGRAPH}{INSERTKEYS}Please refresh the page and retry. Another workers in the distribution chain in surrounding Swiss villages are also without work. Chirico, 53, reached by telephone. T he Como court ordered the casino closed while prosecutors investigate financial mismanagement. Telegraph News.