In the heart of Mayfair, London, Crockfords casino, established in 1828, was not only the oldest casino in Britain but also a historic establishment rich in tradition. Founded by William Crockford, a working-class fishmonger who became one of England’s wealthiest self-made men, Crockfords had been a prominent fixture for 195 years. However, recent reports from the UK confirm the permanent closure of this iconic venue due to a lack of clientele.
A Legacy of 195 Years:
Crockfords casino held a unique position in British history, having operated for nearly two centuries. Established in 1828, it had witnessed the evolution of gambling and entertainment trends over the years.
William Crockford’s Remarkable Journey:
The story of Crockfords is closely tied to its founder, William Crockford. A fishmonger by trade, he transformed his fortunes to become one of England’s wealthiest individuals. His journey from humble beginnings to the pinnacle of society is an inspiring narrative of self-made success.
Closure and Job Losses:
The closure of Crockfords has resulted in job losses for approximately 100 employees. The impact on the workforce is significant, underscoring the broader challenges faced by high-end casinos in London.
The “End of an Era”:
Paul Willcock, President of Genting Casinos UK, characterized the closure of Crockfords as the “end of an era.” He highlighted the factors that have rendered high-end London casinos less competitive on the global stage, making the future of Crockfords in Mayfair unsustainable.
Competitive Disadvantages:
Various factors have contributed to the challenges faced by high-end London casinos, including Crockfords. The declining presence of high rollers visiting the UK, coupled with international alternatives like Paris and Milan, has created a competitive disadvantage. The removal of the tourist tax (VAT) following Britain’s departure from the EU in 2021 has impacted the attractiveness of London as a gambling destination.
The Impact on High-End Casinos:
Crockfords is not the only high-end casino to face closure in recent years. Establishments like The Ritz and The Clermont have met similar fates, further highlighting the challenges faced by this segment of the industry.
Changing Preferences of High Rollers:
The shifting preferences of high rollers have played a significant role in the decline of London’s high-end casinos. Traditionally, Middle Eastern high rollers contributed to substantial VIP revenues. However, they are now opting for alternative destinations.
The closure of Crockfords, the oldest casino in Britain, marks the end of a significant chapter in the country’s history. This iconic establishment, established by a self-made entrepreneur, William Crockford, had endured for nearly two centuries. Its closure underscores the evolving landscape of the high-end casino industry in London, with challenges related to global competition and changing preferences of high rollers. As the doors of Crockfords close, its legacy as a historic gambling institution lives on in the annals of British history.