Genting have officially confirmed what the iGaming Post announced last month regarding the sale of its London casino Maxims for a sum of £34.6 million. Genting announced the sale to the Malaysian stock exchange and announced the buyer as reported here first as Sonco UK.
The property in Kensington was once a very exclusive popular location but over the years it has become forgotten by many of the VIP customers that once used to frequent the venue for more popular casinos in Mayfair.
Maxims is a grade II-listed early Victorian townhouse, built for Charles Dickens’ friend and biographer John Forster, the issues with being a listed building means that Genting were even unable to install a lift or make any serious upgrades to modernise the building.
Within the gaming community Maxims was known to be sliding in terms of popularity due to its listed status and location tucked away in Kensington while more exclusive venues in Mayfair took their clients.
However Genting still has two popular high end venues with the Palm Beach and the Crockfords Club being located in the Mayfair area.
Announcing the sale Genting said that the funds would not impact in ant great deal on their bottom line at they will be used to lower the debt repayments for Genting UK and to be also used in any future investments.
Source – Igaming world