{"id":144515,"date":"2023-10-25T22:38:56","date_gmt":"2023-10-25T22:38:56","guid":{"rendered":"https:\/\/celebritywshow.com\/?p=144515"},"modified":"2023-10-25T22:38:56","modified_gmt":"2023-10-25T22:38:56","slug":"britains-oldest-casino-crockfords-closes-down-after-195-years","status":"publish","type":"post","link":"https:\/\/celebritywshow.com\/world-news\/britains-oldest-casino-crockfords-closes-down-after-195-years\/","title":{"rendered":"Britain&apos;s oldest casino Crockfords closes down after 195 years"},"content":{"rendered":"<h1>Britain&#8217;s oldest casino Crockfords closes down after 195 years as it blames the lack of high-end tourists coming to London for hurting business<\/h1>\n<ul>\n<li><strong>The Mayfair hotspot employs 100 staff, who are now facing redundancy<\/strong><\/li>\n<\/ul>\n<p>Britain&#8217;s oldest casino has closed its doors for good as London fails to attract high-end tourists.<\/p>\n<p>Crockfords Casino &#8211; best known for its exclusive clientele of aristocracy and royalty &#8211; has rolled its last die after more than 195 years of business.<\/p>\n<p>It follows a consultation process about its future, which was launched by bosses last month.<\/p>\n<p>The Mayfair hotspot &#8211; owned by gaming group Genting &#8211; employs 100 staff, who are now facing redundancy or being moved to other casinos within the group.<\/p>\n<p>Paul Willcock, president of Genting Casinos UK, said closure of Crockfords&#8217; \u00a380 million site was the &#8216;end of an era&#8217;.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/25\/22\/77005307-12673025-image-a-3_1698270668090.jpg\" height=\"648\" width=\"634\"><\/p>\n<p>Crockfords Casino &#8211; best known for its exclusive clientele of aristocracy and royalty &#8211; has rolled its last die after more than 195 years of business<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/25\/22\/77005313-12673025-image-a-13_1698270686434.jpg\" height=\"357\" width=\"634\"><\/p>\n<p>Business has slowed since the pandemic while the so-called &#8216;tourist tax&#8217; (introduced by Jeremy Hunt, pictured) is blamed for putting off wealthy visitors coming to the UK<\/p>\n<p>&#8216;There is a combination of factors which have put high-end London casinos at a competitive disadvantage to other global market places and this has led to an unsustainable future for Crockfords in Mayfair,&#8217; he said.<\/p>\n<h3>READ MORE:\u00a0Kemi Badenoch&#8217;s trade mission to Japan to promote British luxury firms is branded &#8216;ironic&#8217; by business leaders as they criticise the UK&#8217;s tourist tax\u00a0<\/h3>\n<p>Business has slowed since the pandemic while the so-called &#8216;tourist tax&#8217; is blamed for putting off wealthy visitors coming to the UK.<\/p>\n<p>The casino was established in 1828 by a working-class fishmonger &#8211; William Crockford &#8211; who later became one of the wealthiest self-made men in England.<\/p>\n<p>It was originally a private members gaming club for society&#8217;s most elite, which was located at the fashionable 50 St James Place in London.<\/p>\n<p>Crockfords monopolised on the craze for heavy gambling raging through the 1800s, giving England&#8217;s upper crust a sophisticated environment to flutter.<\/p>\n<p>As it grew in popularity, Crockfords Casino later moved to the heart of Mayfair &#8211; attracting high rollers from across the globe.<\/p>\n<p>Yet with high stakes, comes high drama. Crockfords made headlines in 2017 when it won a legal battle with poker player Phil Ivey who tried to recover \u00a37.7m of winnings from a game of Baccarat after the casino became suspicious that he could be cheating.<\/p>\n<p>Ivey denied any allegations of misconduct in the strongest terms and he recovered his initial \u00a31m stake.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/25\/23\/75813621-12673025-Crockfords_Casino_best_known_for_its_exclusive_clientele_of_aris-a-19_1698271237721.jpg\" height=\"431\" width=\"634\"><\/p>\n<p>The casino was established in 1828 by a working-class fishmonger &#8211; William Crockford &#8211; who later became one of the wealthiest self-made men in England\u00a0<\/p>\n<p>But the historic casino has fallen on tough times since the pandemic, which it largely blames on London&#8217;s inability to bring in visitors &#8211; especially those willing to splash the cash.<\/p>\n<p>This can be partly blamed by the tourist tax, which scrapped VAT-free shopping for tourists in 2021 when the UK left the EU.<\/p>\n<p>Casinos such as The Ritz and The Clermont have both been forced to shut up shop in recent years as London loses out to other gambling hubs across the globe.<\/p>\n<p>High-end casinos in the UK contributed around \u00a3150 million a year in tax to the Treasury, as well as generating \u00a3188 million for London&#8217;s economy and at least \u00a3120 million in additional tourism spend in the capital.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12673025\/Britains-oldest-casino-Crockfords-closes-195-years-blames-lack-high-end-tourists-coming-London-hurting-business.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Britain&#8217;s oldest casino Crockfords closes down after 195 years as it blames the lack of high-end tourists coming to London for hurting business The Mayfair&hellip; <\/p>\n","protected":false},"author":2,"featured_media":144514,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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