Close Menu
  • Keno Strategy
  • Keno Variations
  • Keno Odds
  • News
  • Casinos
  • Games
  • Handpays
What's Hot

Las Vegas Sands’ Stock Takes Hits as Donald Trump’s Reelection Odds Shorten

July 21, 2024

Jamul Casino Hotel Tower Project Nears Completion

July 20, 2024

Mirage Closes, Treasure Island Offers Deals to Ex-Guests & Players

July 20, 2024
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest VKontakte
Keno WizardKeno Wizard
  • Keno Strategy
  • Keno Variations
  • Keno Odds
  • News
  • Casinos
  • Games
  • Handpays
Keno WizardKeno Wizard
Home » Crockfords Casino Shuts Down after Almost Two Centuries in Business
Casinos

Crockfords Casino Shuts Down after Almost Two Centuries in Business

October 27, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Great Britain has parted ways with its oldest casino. The old property, unfortunately, had to close its doors, citing lack of custom as the reason.

At almost two centuries old, the Crockfords casino boasted being the oldest one in the country. Originally founded in 1828 by William Crockford, a working-class fishmonger, the casino was, for over a century, a popular venue among rich people and tourists. Situated in the Mayfair area in London, the property used to welcome hosts of affluent tourists, making its founder rich.

The Crockfords casino, which has operated for 195 years now, will sadly be unable to celebrate its 200th birthday because of declining interest. Many of the high rollers, on which the casino depended, have been won over by its foreign competitors, leading to lower revenues.

The decline of affluent consumers is attributable to the United Kingdom’s exit from the European Union and the repeal of VAT-free shopping for tourists. Instead, many high rollers now prefer Paris and Milan, experts believe.

The Lack of High Rollers Forced the Casino to Close

In an interview with Daily Mail, Paul Willcock, president of Genting Casinos UK which owns the property, described the closure as the “end of an era.” Willcock pointed out that Crockfords casino has become unsustainable because of a variety of factors.

There is a combination of factors that have put high-end London casinos at a competitive disadvantage to other global marketplaces and this has led to an unsustainable future for Crockfords in Mayfair.

Paul Willcock, president, Genting Casinos UK

Crockfords isn’t the only high-end gambling property to shut its doors in recent years. Its closure was preceded by the shutdown of The Ritz and The Clermont, whose future also became unsustainable because of the lack of affluent visitors.

See also  Ex-RCMP Officers Urge Ontario to Tackle Suspicious Casino Transactions

Some people have suggested that the lack of high rollers is caused by some of the local regulations, which force visitors to prove the source of their funds. Many consider this measure intrusive and believe that it is a put-off for rich casino goers.

Whatever the case, the closure of the Crockfords casino will lead to redundancies, forcing Genting to part ways with approximately 100 employees.

Business Casino Centuries Crockfords Shuts
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Las Vegas Sands’ Stock Takes Hits as Donald Trump’s Reelection Odds Shorten

July 21, 2024

Jamul Casino Hotel Tower Project Nears Completion

July 20, 2024

Mirage Closes, Treasure Island Offers Deals to Ex-Guests & Players

July 20, 2024

Encore Las Vegas Gambler Scoops Up $2M Playing Buffalo Power Pay

July 20, 2024
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Las Vegas Sands’ Stock Takes Hits as Donald Trump’s Reelection Odds Shorten

July 21, 2024

Jamul Casino Hotel Tower Project Nears Completion

July 20, 2024

Mirage Closes, Treasure Island Offers Deals to Ex-Guests & Players

July 20, 2024

Encore Las Vegas Gambler Scoops Up $2M Playing Buffalo Power Pay

July 20, 2024
Top Reviews

Stakelogic Expands Its Offer in Romania

Bermuda Gaming Commission Receives $10m To Launch Market

Former Fiancé of S. Korean Fencer Sentenced to Prison for Fraud

Subscribe to Updates

Get the latest creative news and blogs update directly in your Inbox!

Keno Wizard
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2024 Kenowizard.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.