In the United Kingdom and casino operator Metropolitan Gaming Limited has announced the completion of its deal to buy the prestigious Park Lane Club London property from the administrators of former owner Silverbond Enterprises Limited.
The British enterprise used an official Thursday press release to detail that the acquisition for an undisclosed amount was carried out through one of its wholly-owned subsidiaries to take its portfolio of British casinos up to nine. The operator also explained that it decided to purchase the enterprise situated in the upmarket Mayfair district of London after previous proprietor Silverbond Enterprises Limited had its gambling license revoked in November following a Gambling Commission review.
Metropolitan Gaming Limited was already responsible for admired British gambling-friendly venues including the Rendezvous Brighton, Manchester235 and London’s Empire Casino and disclosed that it now intends to rebrand the Park Lane Club London as the Metropolitan Park Lane following the completion of a refurbishment program. In the meantime and the company asserted that the facility is to remain fully open and ‘continue to trade and welcome guests.’
Michael Silberling serves as the Chief Executive Officer for London-headquartered Metropolitan Gaming Limited and he used the press release to divulge that his organization is moreover responsible for the Emerald Resort and Casino in South Africa as well as Egypt’s Ramses Casino. The boss furthermore proclaimed that he is ‘thrilled’ to be able to add the two-story Park Lane Club London with its 17,000 sq ft casino to his company’s ‘portfolio of casinos in the United Kingdom.’
Read a statement from Silberling…
“The Park Lane Club London is an excellent addition to our portfolio of premier casinos and we have exciting plans to invest in and develop the business moving forward. We look forward to welcoming the Park Lane Club London team to Metropolitan Gaming Limited and creating safe and memorable experiences for our guests in the new location.”
For his part and administrator Bob Maxwell from professional services firm Begbies Traynor pronounced that Metropolitan Gaming Limited had overcome ‘considerable interest from businesses around the world’ to purchase the Park Lane Club London, which is housed within the London Hilton on Park Lane hotel. He additionally declared that the ‘iconic’ property comes complete with ‘a spectacular gaming floor’ as well as a lounge, a private gaming room, a bar and an outdoor gaming terrace.
A statement from Maxwell read …
“This has been an interesting and challenging engagement in an exciting industry sector. We are delighted that the business has been purchased by Metropolitan Gaming Limited who is ideally placed to develop the casino at Park Lane Club London.”