Ritz casino slumps to a £12m loss as high rollers dodge their debts but club vows they will pay up

One of the UK’s most glamorous casinos has crashed into a £12million loss which it has blamed on big debts run up by high rollers.
London’s Ritz Club, owned by billionaire twins Sir David and Sir Frederick Barclay, said it would have made a £2.4million profit if the losers had paid up.
But its latest accounts, filed at Companies House, show a loss of £12.7million compared to a £5.2million profit last year as a result of ‘much higher gaming debts’.
Ritz Club chief executive Roger Marris said the debts were from less than half a dozen ‘slow payers’ from the Far East.
‘We do have slow payers,... read more

3 October 2016 in Business, Views: 35
Source: Daily Mail

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