Silverbond to appeal loss of licence

The revocation of Silverbond’s licence has been stayed pending its appeal.
The revocation of Silverbond’s licence has been stayed pending its appeal.

The operator of the Park Lane Club in London’s Mayfair will appeal to the Gambling Commission.

UK.- Silverbond Enterprises, which runs the Park Lane Club casino in Mayfair, London, has said it will appeal against the loss of its licence.

The Gambling Commission revoked the operator’s licence for its land-based casino following a change in ownership. 

It said the new owner had not been able to prove the source of funds for the acquisition of Silverbond and that it was not confident that it would have granted the operator a licence had the new owner been in place when it made its original application.

Silverbond said in a statement: “Silverbond Enterprises Ltd has confirmed that it will be submitting an appeal to the First Tier Tribunal against the decision of the Regulatory Panel of the Commission to revoke the operating licence. The appeal will be submitted before 18 November 2020.”

It noted that the Commission’s decision is now stayed, meaning that it can continue to operate its Mayfair casino pending the result of its appeal, although, like all casinos in England, it will remain closed at least until December 2 due to the nationwide Covid-19 lockdown.

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