British casino group Rank Group has asked for a change to the laws of how casino can offer credit to its high-rolling international clientel at its Grosvenor casinos.
Rank’s Chief Executive, John O’Reilly, explained that players from the Gulf were ‘nowhere near the levels they once were’ with legal restrictions on offering credit to blame.
Talking to the Evening Standard, Mr O’Reilly said: “We’re hoping, with the new government’s growth agenda, we could persuade them to change a tiny bit of legislation and enable credit to be reintroduced for high-net-worth international travellers. It would be a big boost for London.”
“Anywhere else in Europe, pretty much anywhere else in the world, the casino will give you credit. You play with the casino’s money and you settle up at the end of the trip, with a bank transfer at the end for the net amount, whether you’re winning or losing,” he added. “But in London, we require the customer to write a cheque. The challenge with cheques is that nobody has them anymore. The days of cheques are long gone. Everybody recognises there is need for change.”
