The purchase was completed through an asset sale conducted by the administrators of Silverbond Enterprises Limited. Memery Crystal LLP and Stevens & Bolton LLP acted as Metropolitan Gaming’s legal counsel, with Clarion Solicitors acting as legal counsel to the administrators of Silverbond Enterprises Limited.

“We are thrilled to be adding the iconic Park Lane Club to our portfolio of casinos in the UK,” said Metropolitan Gaming CEO Michael Silberling. “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.”

First opening its doors in 2014, Park Lane Club is located in the heart of Mayfair, and operates across two floors in the Hilton Hotel. It comprises a gaming floor, private gaming room, outdoor gaming terrace, lounge and bar.

The Administrator, Bob Maxwell, Office Partner in Charge at Begbies Traynor, Leeds, commented: “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 is ideally placed to develop the casino at Park Lane.”

Metropolitan Gaming added that Park Lane Club is open and continues to trade as usual. It will, however, be refurbished and rebranded to Metropolitan Park Lane after a short transition period.