The Park Lane Club London has been acquired by one of Metropolitan Gaming’s wholly owned subsidiaries.
Purchased through an asset sale conducted by the administrators of Silverbond Enterprises, Metropolitan Gaming has lauded the “excellent” addition to its roster of casinos and aims to create “safe and memorable experiences”.
“We are thrilled to be adding the iconic Park Lane Club to our portfolio of casinos in the UK,” said Michael Silberling, CEO of Metropolitan Gaming. “It 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 team to Metropolitan Gaming and creating safe and memorable experiences for our guests in the new location.”
Located in the heart of Mayfair, across two floors in the Hilton Hotel, Park Lane Club first opened its doors in 2014. The club includes a gaming floor, private gaming room, outdoor gaming terrace, lounge and bar.
The club will be refurbished and rebranded to Metropolitan Park Lane after a short transition period. During this time, Park Lane Club will remain open and continue to trade and welcome guests.
The Administrator, Bob Maxwell, Office Partner in Charge at Begbies Traynor, Leeds, added: “This has been an interesting and challenging engagement in an exciting industry sector. There was considerable interest to purchase this iconic casino from businesses around the world.
“We are delighted that the business has been purchased by Metropolitan Gaming who are ideally placed to develop the casino at Park Lane.”
Memery Crystal LLP and Stevens & Bolton LLP acted as Metropolitan Gaming’s legal counsel, while Clarion Solicitors acted as legal counsel to the administrators of Silverbond Enterprises Limited.