Financial Times FT.com

Casino group in £7.4m court fight

By Megan Murphy

Published: February 13 2008 02:00 | Last updated: February 13 2008 02:00

One of the UK’s biggest casino groups will battle with the National Bank of Abu Dhabi at the High Court on Wednesday over millions in credit extended to high-rolling gambler Ahmed Al-Reyaysa.

Grosvenor Casinos claims that the bank verbally agreed to honour £6.7m ($13.1m) in cheques written by Mr Al-Reyaysa, who patronised upmarket London gaming dens such as the Ritz, Aspinalls and the Clermont Club. During his 18-month membership at the Clermont, which was sold by Grosvenor in 2006, Mr Al-Reyaysa gambled more than £150m.

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