πŸ’° Reo Stakis - Wikipedia

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He started selling his mother's handmade lace door-to-door and gradually headed north, settling in Glasgow. By the s, Stakis was involved in his first.


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From a sweetheart's tears at Paddington to gravestone-jumping street urchins of Glasgow's slums: Striking images of celebrated WWII photographer Bert Hardy.


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SIR REO STAKIS, who has died aged 88, arrived in Britain from Cyprus in health clubs and casinos which in was sold to Ladbrokes for Β£ billion. In , he bought a share in a restaurant in Hope Street, Glasgow.


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From that start, Stakis created a chain of restaurants, then moved into hotels and casinos. The business remained based in Glasgow, but.


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The depression years were not the best time to be a door-to-door salesman, but Stakis was not deterred. He rented a restaurant in Hope Street, but the fledgling business was transformed after a few years when he purchased the block where it was situated. His travels took him to Scotland, which he adopted as a second home, and his enterprise extended to calling on Queen Mary at Holyrood Palace. After the sale, Sir Reo retired from public life and lived in the grounds of the Dunblane Hydro hotel. Despite the hard times, he vowed he would never cash the cheque, which was signed "Mary". The group owned casinos as well as the rival Hilton chain whose name it has now adopted and Sir Reo had fallen out with its architect, Cyril Stein. That gap was corrected in the s, but the expansion almost brought the business to its knees. Even more galling, perhaps, was the fact that the group's saviour, David Michels, was recruited from Ladbroke. Under Andros, rapid expansion was swiftly followed by the earlys recession and, like many businesses saddled with too much debt and not enough income, the group was faced in with a financial crisis. Stakis settled in Glasgow in the s, and during the war decided he could do better than the restaurants he had patronised on his travels. After restoring the group to rude health, Michels negotiated the sale of the company to Hilton in Hilton also acquired the company's 22 casinos and 67 Living Well fitness centres. The business remained based in Glasgow, but gradually extended south. Sir Reo was said to have agreed to the deal "with tears in his eyes".

Stakis's was a rags-to-riches story typical of many of his generation of businessmen, but substituting lace for rags.

Unlike some, it survived, but at the cost of Andros being deposed and his father being "kicked upstairs" as president. He leaves a wife, two sons casinos north california four daughters. He faced anger from some shareholders, who complained at yet another Scottish company being sold to the English.

Reuse this content. He was also a benefactor of the Cypriot community here and at home, where he paid for electricity to be installed in his village.

From that start, Stakis created stakis casinos glasgow chain of restaurants, then moved into hotels and casinos. Reo is described by his biographer Jack Webster as "self-effacing, quiet, a real gentleman", but the son did not have his father's luck, nor his talent for dealing with people.

The stakis casinos glasgow indignity was still to come. Most popular.

His family lived near Lefkara, a centre of the Cypriot lace-making industry. Sir Reo Stakis, who has died aged 88, swapped his Cyprus home for Scotland and became one of the island's most wealthy expatriates through his creation of the UK hotel and leisure group that bore his name. But Stakis senior fell into debt, so the eldest son, Reo, had to abandon his education at Larnaca's American Academy in and travel to England. And he was a significant patron of the Orthodox church. Sir Reo, who was knighted in , groomed his son Andros to take over. The adventure almost ended in tears immediately as one of his suitcases was stolen, but an alert porter spotted the theft and recovered the lace. Stakis was frustrated that rivals such as Forte and Grand Metropolitan had a higher profile in England because they were better represented in London and the south-east. He suffered a stroke in June and had been seriously ill since.