Hurstwood Holdings has bought the Art Deco building housing Grosvenor’s Maybury Casino in Edinburgh for £2.9 million. The transaction changes the property owner, but it does not establish a change to the casino’s operator or gambling licence.

The purchase was completed on September 10, 2026, through Hurstwood subsidiary AM Sci Tech. CDC Gaming reported a net initial yield of about 15%.

Property deal, not operator takeover

The 21,991-square-foot property remains fully let to Grosvenor Casino Limited. The lease has about four years remaining and includes fixed annual rent increases of 2.5%.

The lease is guaranteed by Rank Group Gaming Division Limited. Rank owns and operates the Grosvenor casino business in Great Britain.

The sale transfers ownership of the building to Hurstwood while Grosvenor remains the reported casino operator and tenant under the existing lease.

For the remaining lease term, Hurstwood is the property owner and Grosvenor remains the casino business occupying the site.

Gambling licence remains a separate question

The Gambling Commission’s public register lists Edinburgh-Maybury Grosvenor Casino under Grosvenor Casinos (GC) Limited. The operator’s non-remote casino licence is shown as active. The premises licence is issued by the City of Edinburgh Council.

A change in building ownership does not, by itself, prove a change in the licensed gambling business. Any future change involving the operator, licence holder or premises arrangements would need to be addressed through the relevant regulatory and local licensing processes.

Why the deal matters to Grosvenor

The sale gives the property a new landlord while preserving the casino’s existing lease arrangement for the remaining term. The fixed rent increases give the buyer a defined income profile, subject to the lease terms and the tenant’s continued performance.

The transaction comes as Rank continues to manage a large UK land-based casino estate. Rank says Grosvenor has 50 venues and represents 45% of the UK casino market by venue numbers.

The Maybury building dates from 1935, when it operated as the Maybury Roadhouse and Diner. It was converted into a casino in the late 1990s and includes gaming floors, bars, lounges, private rooms and dedicated parking.

What changes next

  • AM Sci Tech owns the Edinburgh property.
  • Grosvenor remains the reported tenant.
  • About four years remain on the lease.
  • Rent increases are fixed at 2.5% annually under the reported terms.
  • The property sale has not established a change to the Gambling Commission licence.

The transaction separates ownership of the building from operation of the casino. For customers and regulators, the relevant question is whether a later filing or licensing decision changes the operator or premises permissions.