The Casino MK at Milton Keynes' Xscape building permanently shuts after administration process fails to secure a buyer. (Image: Scott Carruthers/Alamy Live News)
The Casino in Milton Keynes has reached its end, with administrators stating that they were unable to secure a sale.
The Aspers UK Holdings site, which opened in 2013, was the second largest licensed super casino destination to open in the UK. It ceased trading with immediate effect, having gone into administration earlier this month.
FTI Consulting was the appointed administrator for The Casino located at the Xscape building in Central Milton Keynes.
COVID Impact Led to Underperforming Profits
When it opened, The Casino in Milton Keynes provided members with slots, electronic, and table games, as well as poker tournaments. The restaurant, Clary’s Bar and Grill, also featured live music.
A statement released by the administrators said, "Aspers was materially impacted by COVID and, following a shift in customer habits, has struggled to return to pre-COVID trading levels, resulting in the need for ongoing stakeholder support, which has been exacerbated by underperforming units.”
Directors and Stakeholders Could Not Halt the Closure
The statement by administrators highlighted the efforts made by directors and stakeholders, saying, "Over the past few months, the directors and key stakeholders have worked to try and safeguard the future of the business.
"Regrettably, it has not been possible to achieve a sale of Aspers (Milton Keynes) Limited (which traded as the Casino MK), and whilst the joint administrators will continue to explore options in respect of the Casino MK, given the ongoing funding and licensing requirements, the Casino MK has ceased trading with immediate effect."
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