Damian Aspinall Loses Control of Stake in His Family’s Casino Empire Due to Unpaid £6m Mortgage

  • Damian Aspinall has reportedly lost his 35% stake in Aspers
  • Aspers currently operates four casinos across England
  • The stake was reportedly once worth up to £50m ($63.7m)
Andrew O’Malley

Aspers casino
Damian Aspinall has reportedly lost a 35% stake in his family’s casino empire after failing to repay his £6m ($7.6m) mortgage. [Image: Shutterstock.com]

Damian Aspinall has reportedly lost his 35% stake in his family’s casino empire after he failed to repay his £6m ($7.6m) mortgage. Banking group Investec took control of this holding in Aspers, which operates casinos in London, Newcastle, Milton Keynes, and Northampton.

Aspinall is no longer a board member

The stake was once worth around £50m ($63.7m) according to a Daily Mail source who is friends with the 63-year-old. A spokesperson for the company confirmed that Aspinall is no longer a board member of Aspers UK Holdings Ltd or any of its associated companies.

The Aspinall family was heavily involved in animal conservation, with Damian still running the John Aspinall Foundation. The organization’s goal is to breed gorillas and reintroduce them into the wild.

Damian’s father started Aspinalls private member casino during the 1960s in Mayfair. The company was revitalized following his father’s death in 2000 in collaboration with Australia-based casino company Crown Resorts, leading to the opening of other casinos across England.

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