Genting Casinos has announced that it has taken the decision to close down its land-based venue in Coventry.
As the main reasoning, the company pointed to “commercial pressures facing the land-based casino sector”, which has led to the Coventry establishment – opened in 2012 and staffing 51 people – being deemed “no longer commercially viable to sustain trading”.
“In recent years, casinos have absorbed substantial increases in employment costs, business rates, energy costs and regulatory compliance expenditure, alongside increases in gaming taxation,” Genting added.
“These cumulative pressures have significantly reduced margins across the sector and are making it increasingly difficult for highly regulated venues to remain commercially sustainable.
