Metropolitan Gaming Limited has completed the acquisition of the European and African casino businesses of Caesars Entertainment.
Metropolitan Gaming, an investment company wholly owned by Silver Point Capital and its affiliates, completed the transaction on 16 July 2021. It now owns and operates casinos in 11 locations across the UK and Africa, including Leicester Square’s Empire Casino.
“We are very excited about the opportunity to acquire a number of historic and high-end casinos in the United Kingdom,” said Edward Mulé, Founding Partner of Silver Point.
“The acquisition fits well with Silver Point’s focus on investing in high-quality businesses at opportune times.”
Silver Point will provide investment and strategic support to the business, and work with management to develop Metropolitan Gaming into a leading brand in the luxury and premium gaming sectors.
Newly appointed CEO of Metropolitan Gaming, Michael Silberling, commented: “I am excited to join the amazing team at Metropolitan Gaming. The world, the global economy, and the hospitality industry have been rocked by the Covid-19 pandemic, but I believe that this team is well positioned to lead a strong rebound of this business, benefitting from their experience and expertise, and a partner that is committed to invest.
“We intend to focus on job creation and investment in this historic business as we partner with our employees, regulators and the communities in which we operate to create a safe, fun and memorable experience for our customers that is second to none.”