Tom Scott, chairman of CI Traders, said: "We are doing our utmost to secure the one and only casino licence for the island."

The independent Old Government hotel, seen as a potential third bidder in partnership with online bidding company Aspinalls, said it would not bid owing to the prohibitive costs and Government restrictions involved.

The government of Guernsey has ruled that all prospective casinos must be alcohol-free and based in a hotel. Gamblers will be required to show identification on entering a casino, and croupiers will not be allowed to accept tips.

The deadline for licence bids was Tuesday 22 April. A decision on a winner is due to be announced by the end of June.

Tom Scott, chairman of CI Traders, said: "We are doing our utmost to secure the one and only casino licence for the island."

The independent Old Government hotel, seen as a potential third bidder in partnership with online bidding company Aspinalls, said it would not bid owing to the prohibitive costs and Government restrictions involved.

The government of Guernsey has ruled that all prospective casinos must be alcohol-free and based in a hotel. Gamblers will be required to show identification on entering a casino, and croupiers will not be allowed to accept tips.

The deadline for licence bids was Tuesday 22 April. A decision on a winner is due to be announced by the end of June.