Metropolitan Gaming acquires Park Lane Club in London, with plans to rebrand the venue with its name

UK casino-entertainment company Metropolitan Gaming Limited, which has recently acquired Caesars' European and African casino businesses, announced Thursday that one of its wholly-owned subsidiaries has completed the purchase of the private members' club Park Lane Club London through an asset sale conducted by the administrators of Silverbond Enterprises Limited. The club will be refurbished and rebranded to Metropolitan Park Lane after a short transition period.

Park Lane Club is open and continues to trade and welcome customers as usual in the meantime.

"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."

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."

Located in the center of Mayfair, across two floors in the Hilton Hotel, Park Lane Club first opened its doors in 2014. The club features a gaming floor, private gaming room, outdoor gaming terrace, lounge, and bar.

In August last year, Metropolitan Gaming announced the completed acquisition of Caesars Entertainment's European and African casino businesses. By completing the transaction on July 16, Metropolitan became the owner and operator of casinos in 11 locations across the United Kingdom, Egypt and South Africa. This includes 5 casinos in London and 8 throughout the UK, including Empire Casino in Leicester Square, The Sportsman, Rendezvous Brighton, Manchester235, Alea Nottingham and Alea Glasgow. The Group also operates 3 casinos in the Middle East and one in South Africa.