Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 26): Genting Group is selling its Kensington, London-based casino Maxims in the UK for at least £40 million (about RM227 million), on speculation Maxims' location might have caused the casino to lose business, Casinopedia reported.

Casinopedia reported Genting has brought in property consultancy firm CBRE to handle the Maxims sale.

"According to some reports, this location issue may have caused Maxims to lose some business in recent years, contributing towards Genting’s decision to sell.

"Genting has run the site for more than a decade, but it is reported the company has brought in property consultancy CBRE to handle the sale of the casino, which is housed within Victorian townhouse Palace Gate House — a building constructed in the 1860s for friend and biographer of Charles Dickens, John Forster," Casinopedia reported.

Casinopedia reported Genting had said in a statement earlier this year that it might be prepared to listen to offers for Maxims. 

“Genting owns a number of properties around the UK, including in attractive London locations, and we are frequently approached by interested parties. In certain cases, we are open to sensible conversations about these opportunities,” Casinopedia quoted Genting as saying.

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