London’s swanky Apsinalls Club has warned of “material uncertainty” over its future because of regulatory action against its parent company on the other side of the world. Aspinalls, like many of London’s upscale private member’s casinos, is facing turbulent times because of a dearth of high rollers visiting the British capital. (Image: Crown Resorts) Since 2011, the private member’s club for high-rolling gamblers has been owned by Australia’s Crown Resorts, which is facing suitability reviews over its gaming licenses at domestic properties. In a report seen by London’s Evening Standard, directors for loss-making Aspinalls said the casino would rely on Crown’s financial support to cover liabilities during current turbulent financial times. But it noted there were “significant doubts” about Crown Resorts ability to continue as a going concern. Unfavorable decisions by Australian regulators could render Crown “unable to realize its assets and discharge its liabilities in the normal order of… Read More

Category: Commercial Gaming, Financial, Live Casinos, Aspinalls, Crown Resorts, London 

Source: Land Casino & Gambling News (Casino Projects & Openings) – Casino.org