If everything goes as planned-and little has gone that way up to this point-Casino M8trix will be the next big thing in the South Bay. The big-stakes game has confounded city regulators, who don’t usually work with high rollers who play fast and take large risks. Limited liability companies were set up in California as well as in the business-friendly states of Nevada and Delaware to hold the assets. M8trix features computer-controlled fountains and Italian glass tile murals by the same artisans who crafted the floor murals at Las Vegas’ Wynn resort, according to Swallow. Swallow and the Lunardis, his neighbors in the East Bay community of Danville, split a $1 million down payment and obtained more than $30 million in bank financing to erect the building. They want nothing more than to shut down the aging facility and replace it with a 21st-century gambling establishment. Eric Swallow’s latest venture, Casino M8trix, is a $50-million, 16-story building alongside the freeway near San Jose’s airport, Swallow currently owns the city’s oldest card room, Garden City Casino, with partners Peter and Jeanine Lunardi.
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