Ritz Hotel Casino London Sees Revenues Plunge

This story was published more than 2 years ago.

London's Ritz Hotel Casino reported their 2017 financial results, revealing that the location suffered a large loss of $15.3 million for the period.

Revenues also plunged down to $29.1 million, which is way down from $43.1 million in 2016. The financial report indicated that the numbers plunged due to large numbers of winning players, as traffic numbers were about the same from year to year. The casino is owned by the Barclay brothers, and the casino is looking to turn things around for the next year, as it caters to punters from Asia and the Middle East.

The Ritz Hotel has a long history, being established in the early 1900s. It features a ballroom, restaurant, and other entertainment options in addition to the casino. The destination is estimated to be worth $817.2 million, and the property's owners have reportedly considered selling it in the past.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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3 October 2018 - 3:37pm
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So..in fact these are great news for the London's Ritz Hotel Casino customers I guess, won't feel too sorry for any casino to be honest, there's always a ways of regaining their profits from the house perspective I believe so surely players won't be that 'happy' all the time.