The Gambling Commission has revoked the license of a Park Lane casino over allegations of money laundering. Following an investigation by the regulator, the exclusive London hotspot will be forced to close on November 18th. The Park Lane Club is a popular casino, drawing in an elite clientele of multi-millionaires.
The Park Lane Club at Mayfair is one of London's most exclusive and decadent casinos. ©Chait Goli/Pexels
- Park Lane Casino is world-class, and we're glad we came across it. It's got a solid selection of games, works great on all devices, and is backed up by helpful, friendly customer support agents. Of course, there are a couple of things this casino could do better.
- Terminated: Parklane Casino is a brand operated under the AffPower Affiliate program which has been involved into a series of scandals referring to allegations towards the legitimacy of some of their operations including but not limited to offering pirated NetEnt games and practicing negative SEO.
- Park Lane Casino to Close Its Doors Following Licence Revocation Posted on November 6, 2020 Following a lengthy catalogue of warnings and fines from the UK Gambling Commission, time has finally run out for the Park Lane Casino in Mayfair.
Money Laundering Allegations
Licence ban for Mayfair's upmarket Park Lane Club casino triggers concern over secret identity of new owner standard.co.uk - Jim Armitage. Ne of Mayfair's most famous high-end casinos has had its gaming licence revoked amid a growing controversy about the identity of its owner who. Located just off I-35 at the Iowa/Minnesota border, Diamond Jo Worth is a high-energy casino and entertainment destination. We offer 925 slots, 23 table games, a no-limit poker room, live entertainment every Friday and Saturday at the Big Wheel Bar, a meeting and event center, four restaurants, and an attached Country Inn & Suites.
In a statement released by the Gambling Commission, it announced that it has revoked the operating license of Silverbond Enterprises Ltd. Silverbond is the license holder that trades under the Park Lane Club name. The regulator explained that it has revoked the club's license due to a change in corporate control at the operator. It added that it could not verify whether it would have approved the license, had the operator's new controller held that position when the license was first applied for.
Helen Venn is executive director at the Gambling Commission. In a press release, she went into more detail about why the regulator has taken such strong action against the casino. She emphasized the importance of the Gambling Commission's role in maintaining public confidence, which can only be assured when operators provide it with adequate information. She stated:
'We revoked this licence because we are not satisfied as to the source of funds (SOF) used to acquire and support the Licensee at the time of the change of corporate control or to whom future profits of the Licensee would be paid. We also identified concerns with the suitability of the new controller because of its unsatisfactory history in providing information requested as part of our enquiries.'
The Gambling Commission's regulatory decisions register offers up some further details on the case. It points out concerns over the suitability of Silverbond's new controller, following failures to comply with requests for information. It also noted that the operator had failed to provide satisfactory explanations with supporting evidence for the source of funds used to acquire the license. On top of this, there was also uncertainty as to who the company's future profits would be paid to.
The Telegraph reported that the casinos is believed to be owned by Latvian businessman Vasilijs Melniks, who has previously faced allegations of embezzlement. In 2018 Melniks was accused of laundering €54 million in a deal with Ukraine's state-owned energy company Naftogaz, allegations which he denies.
Melniks was, for a brief period of just four days, Latvia's finance minister. In August of 2018, his assets were seized by Ukrainian authorities following an investigation into corruption. Amongst the businessman's seized assets was Eiroholdings Invest, which owned Silverbond Enterprises. It was because of this situation that the Gambling Commission began reviewing Silverbond's license.
Doubts Over Ownership
This is not the first time that the Park Lane casino's operator has found itself in hot water with the regulator. In September 2019, the Gambling Commission slapped Silverbond Enterprises with a £1.8 million fine, after an investigation uncovered failings in social responsibility and money laundering.
In terms of social responsibilities, the casino failed to recognise potential signs of problem gambling. These included a customer who violent and threatened staff, a customer who asked for winnings to be paid to his personal bank account to stop him from playing for longer and a customer who wanted the casino to allow him to deposit more via cheque.
The money laundering charge constituted of the casino failing carry out due diligence check on 61 customers, as well as failing to provide information on how anti-money laundering procedures would be carried out. Formal warnings were given to two personal management license holders at the casino, which was ordered to raise its standards on player protections and combatting money laundering.
Doubts over the ownership of Park Lane Casino have been longstanding, and have even been raised in parliament. In 2018, Labour MP Chi Onwurah raised the question of whether the Gambling Commission undertook adequate checks on Vasilijs Melniks before it granted the Park Lane Casino its license.
Conservative MP Tracey Crouch answered that question, on behalf of the Department for Digital, Culture, Media and Sport. Crouch reached out to the Gambling Commission for her answer, which stated:
'The Gambling Commission has advised me that it undertook enhanced and significant due diligence in relation to Mr Melnik's Park Lane Club casino licence application in 2014. Based on the result of those checks it was satisfied as to his suitability to be associated with the licence. The Gambling Commission is currently reviewing Silverbond's (Park Lane Casino's) licence to provide gambling in Britain.'
Based at 22 Park Lane in the exclusive Mayfair district, the Park Lane Club brands itself as one London's newest and most desirable private member's clubs. It is a popular destination for some of the city's wealthiest visitors, many of whom stay at Mayfair's five-star hotels. Annual membership is priced at around £1000.
The outside of the club tells little of the elaborate décor to be found inside. Crystal ceilings and tailored decoration create an indulgent atmosphere. The gaming floor offers a range of classic table games, such as blackjack, baccarat and three card poker, hosted by experienced croupiers. It also boasts a unique outdoor gaming terrace, for visitors to take in the London skyline as they play.
The Park Lane Club had already closed its doors for England's four-week lockdown. Before that, it was subject to a 10pm curfew, to curb the spread of coronavirus. However, as a result of the Gambling Commission's findings, its casino will not be able reopen as planned after the lockdown. The revocation of the license will officially come into effect on November 18th, although it is subject to appeal.
An affluent gambler who spent the staggering amount of £27 million in five days by playing roulette is taking a Mayfair casino to court.
Juste Puharic, a businessman from Croatia, claimed that he was promised by the Park Lane Club's bosses to get paid if he played there. Mr Puharic further shared that he was allegedly refused the promised cash-back amount of almost £250,000 Ip biloxi poker tournament schedule guide. after he won.
The Croatian businessman managed to secure a winning of almost £1.5 million after spending £27 million at the roulette table of the exclusive Park Lane Club in the period from May 26th to May 30th, 2015. However, he has revealed that he only agreed to take the risk and spend millions at the casino after its bosses addressed him as a VIP player and the casino staff lured him into gambling with a lucrative cash-back offer on his stakes.
Mr Puharic said that he is entitled to get a 0.9% commission, or £243,518, on his gambling stakes at the casino that surpassed £27 million. However, Silverbond Enterprises Ltd that owns the casino club is rejecting these claims, insisting the venue does not owe any money to the Croatian businessman.
Casino's Owners Claim They Never Wanted to Attract Puharic as Patron
A representative of Mr Puharic, Christopher Bamford, told London's High Court that the Croatian businessman had been a regular customer at Mayfair casinos since 2002 but he was identified as a valuable player for Park Lane Club. Bamford also revealed that Mr Puharic was approached on the street by staff members of the casino, who wooed him over coffee and dinner, convincing him to play there with the promise that Park Lane Club would match or even beat the best offer he could get from any other Mayfair casino.
As claimed by the plaintiff, the club agreed to pay him a 0.9% commission on his gambling stakes, as it wanted to match a cash-back offer he was given by other casinos.
Casino Park Lane London
The Gambling Commission has revoked the license of a Park Lane casino over allegations of money laundering. Following an investigation by the regulator, the exclusive London hotspot will be forced to close on November 18th. The Park Lane Club is a popular casino, drawing in an elite clientele of multi-millionaires.
The Park Lane Club at Mayfair is one of London's most exclusive and decadent casinos. ©Chait Goli/Pexels
- Park Lane Casino is world-class, and we're glad we came across it. It's got a solid selection of games, works great on all devices, and is backed up by helpful, friendly customer support agents. Of course, there are a couple of things this casino could do better.
- Terminated: Parklane Casino is a brand operated under the AffPower Affiliate program which has been involved into a series of scandals referring to allegations towards the legitimacy of some of their operations including but not limited to offering pirated NetEnt games and practicing negative SEO.
- Park Lane Casino to Close Its Doors Following Licence Revocation Posted on November 6, 2020 Following a lengthy catalogue of warnings and fines from the UK Gambling Commission, time has finally run out for the Park Lane Casino in Mayfair.
Money Laundering Allegations
Licence ban for Mayfair's upmarket Park Lane Club casino triggers concern over secret identity of new owner standard.co.uk - Jim Armitage. Ne of Mayfair's most famous high-end casinos has had its gaming licence revoked amid a growing controversy about the identity of its owner who. Located just off I-35 at the Iowa/Minnesota border, Diamond Jo Worth is a high-energy casino and entertainment destination. We offer 925 slots, 23 table games, a no-limit poker room, live entertainment every Friday and Saturday at the Big Wheel Bar, a meeting and event center, four restaurants, and an attached Country Inn & Suites.
In a statement released by the Gambling Commission, it announced that it has revoked the operating license of Silverbond Enterprises Ltd. Silverbond is the license holder that trades under the Park Lane Club name. The regulator explained that it has revoked the club's license due to a change in corporate control at the operator. It added that it could not verify whether it would have approved the license, had the operator's new controller held that position when the license was first applied for.
Helen Venn is executive director at the Gambling Commission. In a press release, she went into more detail about why the regulator has taken such strong action against the casino. She emphasized the importance of the Gambling Commission's role in maintaining public confidence, which can only be assured when operators provide it with adequate information. She stated:
'We revoked this licence because we are not satisfied as to the source of funds (SOF) used to acquire and support the Licensee at the time of the change of corporate control or to whom future profits of the Licensee would be paid. We also identified concerns with the suitability of the new controller because of its unsatisfactory history in providing information requested as part of our enquiries.'
The Gambling Commission's regulatory decisions register offers up some further details on the case. It points out concerns over the suitability of Silverbond's new controller, following failures to comply with requests for information. It also noted that the operator had failed to provide satisfactory explanations with supporting evidence for the source of funds used to acquire the license. On top of this, there was also uncertainty as to who the company's future profits would be paid to.
The Telegraph reported that the casinos is believed to be owned by Latvian businessman Vasilijs Melniks, who has previously faced allegations of embezzlement. In 2018 Melniks was accused of laundering €54 million in a deal with Ukraine's state-owned energy company Naftogaz, allegations which he denies.
Melniks was, for a brief period of just four days, Latvia's finance minister. In August of 2018, his assets were seized by Ukrainian authorities following an investigation into corruption. Amongst the businessman's seized assets was Eiroholdings Invest, which owned Silverbond Enterprises. It was because of this situation that the Gambling Commission began reviewing Silverbond's license.
Doubts Over Ownership
This is not the first time that the Park Lane casino's operator has found itself in hot water with the regulator. In September 2019, the Gambling Commission slapped Silverbond Enterprises with a £1.8 million fine, after an investigation uncovered failings in social responsibility and money laundering.
In terms of social responsibilities, the casino failed to recognise potential signs of problem gambling. These included a customer who violent and threatened staff, a customer who asked for winnings to be paid to his personal bank account to stop him from playing for longer and a customer who wanted the casino to allow him to deposit more via cheque.
The money laundering charge constituted of the casino failing carry out due diligence check on 61 customers, as well as failing to provide information on how anti-money laundering procedures would be carried out. Formal warnings were given to two personal management license holders at the casino, which was ordered to raise its standards on player protections and combatting money laundering.
Doubts over the ownership of Park Lane Casino have been longstanding, and have even been raised in parliament. In 2018, Labour MP Chi Onwurah raised the question of whether the Gambling Commission undertook adequate checks on Vasilijs Melniks before it granted the Park Lane Casino its license.
Conservative MP Tracey Crouch answered that question, on behalf of the Department for Digital, Culture, Media and Sport. Crouch reached out to the Gambling Commission for her answer, which stated:
'The Gambling Commission has advised me that it undertook enhanced and significant due diligence in relation to Mr Melnik's Park Lane Club casino licence application in 2014. Based on the result of those checks it was satisfied as to his suitability to be associated with the licence. The Gambling Commission is currently reviewing Silverbond's (Park Lane Casino's) licence to provide gambling in Britain.'
Based at 22 Park Lane in the exclusive Mayfair district, the Park Lane Club brands itself as one London's newest and most desirable private member's clubs. It is a popular destination for some of the city's wealthiest visitors, many of whom stay at Mayfair's five-star hotels. Annual membership is priced at around £1000.
The outside of the club tells little of the elaborate décor to be found inside. Crystal ceilings and tailored decoration create an indulgent atmosphere. The gaming floor offers a range of classic table games, such as blackjack, baccarat and three card poker, hosted by experienced croupiers. It also boasts a unique outdoor gaming terrace, for visitors to take in the London skyline as they play.
The Park Lane Club had already closed its doors for England's four-week lockdown. Before that, it was subject to a 10pm curfew, to curb the spread of coronavirus. However, as a result of the Gambling Commission's findings, its casino will not be able reopen as planned after the lockdown. The revocation of the license will officially come into effect on November 18th, although it is subject to appeal.
An affluent gambler who spent the staggering amount of £27 million in five days by playing roulette is taking a Mayfair casino to court.
Juste Puharic, a businessman from Croatia, claimed that he was promised by the Park Lane Club's bosses to get paid if he played there. Mr Puharic further shared that he was allegedly refused the promised cash-back amount of almost £250,000 Ip biloxi poker tournament schedule guide. after he won.
The Croatian businessman managed to secure a winning of almost £1.5 million after spending £27 million at the roulette table of the exclusive Park Lane Club in the period from May 26th to May 30th, 2015. However, he has revealed that he only agreed to take the risk and spend millions at the casino after its bosses addressed him as a VIP player and the casino staff lured him into gambling with a lucrative cash-back offer on his stakes.
Mr Puharic said that he is entitled to get a 0.9% commission, or £243,518, on his gambling stakes at the casino that surpassed £27 million. However, Silverbond Enterprises Ltd that owns the casino club is rejecting these claims, insisting the venue does not owe any money to the Croatian businessman.
Casino's Owners Claim They Never Wanted to Attract Puharic as Patron
A representative of Mr Puharic, Christopher Bamford, told London's High Court that the Croatian businessman had been a regular customer at Mayfair casinos since 2002 but he was identified as a valuable player for Park Lane Club. Bamford also revealed that Mr Puharic was approached on the street by staff members of the casino, who wooed him over coffee and dinner, convincing him to play there with the promise that Park Lane Club would match or even beat the best offer he could get from any other Mayfair casino.
As claimed by the plaintiff, the club agreed to pay him a 0.9% commission on his gambling stakes, as it wanted to match a cash-back offer he was given by other casinos.
Casino Park Lane London
These claims, however, were denied by the owners of the Park Lane Club. Guy Olliff-Cooper, who spoke on behalf of the casino's owners, said that the club might have said it would do its best to remain competitive to its rivals' terms and therefore consider matching some offers of rival casinos but rejected the claims that a formal offer was made.
The owner's lawyer further noted that the staff member who had a conversation with the Croatian businessmen in the street had not been very interested in attracting him as a club's patron but had only been trying to be polite.
It seems that November would not be an easy month for Park Lane Club, as the UK Gambling Commission (UKGC) has only recently revoked the operating licence of the property. As Casino Guardian reported at the time, the country's gambling watchdog decided to take the measure against the gambling company as it found the information regarding ownership changes' financing insufficient. Reportedly, Silverbond Enterprises, which owns Park Lane Club, is planning to file an appeal of the regulatory body's decision for licence revocation that is set to take effect on November 18th.
The Croatian businessman, on the other hand, entered the headlines in 2019 after becoming involved in a dispute over the ownership of some classic cars worth £5 million, which he claimed he owned but were taken from a Mayfair hotel. A court's decision on his Park Lane Club's lawsuit is set to be made at a later date.
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