It has often been the case that the larger, and one would say much more refined, land based casinos in London owe their fortunes to their richer clients, however there is always the risk that such clients could win, and put a huge dent in the annual profits of such venues.
That has certainly been the case for the Ritz Hotel Casino in London. Over the last year for the owners of that casino, billionaires Sir David and Sir Frederick Barclay, have just reported a loss for their venue of a whopping £11.7m.
The explanation given for that loss was that it appeared to be a lucky year for their well heeled clients, and boy those clients must have done very well, for it was this time last year when it was reported that the casino made a pre-tax profit of some £8.9m.
Due to the location of the casino and the fact they have been actively aiming to secure more clients from the Far and Middle East, it has also been reported new clients have been attracted to visit the venue and footfall through the casino doors was consistent, but alas they do appear to have been attracting players that have won rather than lost!
Having recently visited the Ritz Hotel Casino myself I did notice it does seem to be a playboys playground, offering all of the extras you would expect from such a venue, including a limo service, what could best be described as expensive yet well worth dining at restaurant and bar, and plenty of card and table games.
For those of you who do fancy paying it a visit the address of the casino itself is 150 Piccadilly, St. James’s, London W1J 9BS and it is of course open 24 hours a day.
Steven is a seasoned freelancer writer from Coventry in the UK. He specialises in writing about the gambling industry and aims to provide unbiased, trustworthy and high quality content to the public. Whilst away from his freelance writing work he enjoys watching the football and following the F1.