Sadly our casino goes bust.
It was better when Derek Llambias ran it, before I whisked him to Newcastle.
London Fifty Casino Goes Bust Due to Huge Payouts
12 Nov 2009
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A London Casino has called in the administrators. It has been bust by its own clients!
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£ Get Bonuses Now As if to prove that it is not always the casino’s that win, the London Fifty Casino, located at 50 St James’s Street, has been taken to the cleaners by a number of high rolling clients who have made multi million pound wins.
It closed its tables in October to stem any further losses whist the Casino’s owner, London Clubs International, desperately tried to sell it. The asking price is anything between £10million and £30million.
It seems that nobody wants to buy it, so the owners had no choice but to announce that they intend to appoint administrators.
Despite the fact that there is no more gambling, the bars and the restaurants remain open for business.
London Fifty Casino is a place that was mostly patronised by high rolling gamblers. Its members included such people as Mike Ashley, the Newcastle United owner and Philip Green, the multibillionaire king of the retail business, and it seemed that many of them were highly successful gamblers.
On one notorious occasion Mike Ashley popped in for a bit of fun on the roulette wheel and walked out less than an hour later with over £1,000,000 profit. Nice work if you can get it.
London Fifty Casino was opened in 1827 and it is claimed that it was the first club to take gambling off the streets and turn it into a respectable activity for the upper classes. The casino rapidly established a reputation amongst the rich and the famous and it became a favourite haunt for gambling members of the royal family.
Until it closed the tables, it cost £650 to join.
http://casino.gamingsupermarket.com/news/1443/london-fifty-casino-goes-bust-due-to-huge-payouts
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