Praesepe confirms sale of The Crystal Rooms to Hippodrome Casino

(PRESS RELEASE) -- Following an adjustment of its business development strategy, low-stake gaming operator, Praesepe has confirmed the sale of The Crystal Rooms situated in Leicester Square, central London, to the neighboring and award-winning The Hippodrome Casino London. The sale has been completed for an undisclosed sum.

Explaining the shift in business focus for the company, Praesepe CEO Nick Harding said: "The Crystal Rooms is one of 71 AGCs that we operate under the Cashino brand throughout Greater London. We have enjoyed six years successful trading at what is an iconic gaming venue in the heart of central London's hospitality and leisure district. However, following a strategic review of the entire Praesepe business, which also includes Bingo Clubs and a growing number of coastal businesses, we believe the energy and overall resource required to remain at the top of the game in central London can be deployed more effectively throughout what is a growing business employing some 1,600 staff nationally."

He added: "I am delighted that we have concluded a deal with Simon Thomas. Under his leadership and as a result of his vision and passion for gaming based leisure and entertainment, he has not only made The Hippodrome into the biggest and busiest casino in the UK, but he has also cemented its status as a cornerstone of the West End and London's most popular live entertainment venue."

Simon Thomas, Hippodrome Casino, CEO, said: "This is a significant new opportunity for the Hippodrome business. It not only allows us to extend the current gaming offer but delivers a significant platform at street level to showcase the magnificent range of entertainment facilities within the building. We have ambitious new plans for the space in the months ahead, so watch this space."