According to the statement, Genting UK plans to open the new operation under the brand,"Crockfords on the Nile". It said this step is being taken, as part of the group's strategy to expand its casino resort network as well as strengthen and develop, Genting UK's leading position in the premium market through its key high-end London casino clubs, Crockfords, Coloby and Maxims.
Genting Singapore said the Nile Hotel is owned by Misr Hotels Company, a leading, government-controlled hotel owner and operator in Egypt. Misr Hotels will shortly be undertaking a major refurbishment of the renowned Cairo hotel on the banks of the Nile.
The hotel, considered an icon in the Egyptian capital, has contributed to the country's travel industry for the past 50 years. It first opened in 1958. It will be re-opened as The Nile Ritz Carlton Hotel, Cairo, following an extensive renovation and refurbishment plan, expected to be completed in early 2012.