[4][7] UK gambling laws were loosened by the Betting and Gaming Act 1960, leading to Crockford's evolution into a casino, one of over 300 that opened in London in the following years.

[8] Businessman Tim Holland raised £48,000 to buy Crockford's operating company in 1961 and introduced chemin-de-fer (a variety of baccarat) to the club.

[15][16] Authorities denied the renewal of Crockford's gaming license due to undisclosed concerns about Benaim and Khaida, leading to the club's closure in 1970.

[20][21] At the time, the casino had seats for 400 gamblers, with games including roulette, blackjack, kaluki, craps, punto banco baccarat, stud poker, and backgammon.

[29] Ladbrokes had renovated the building to serve as a casino, but the company's gaming licenses were revoked before it could open, so the leasehold was sold to Lonrho.

[45][46] In 2012, poker player Phil Ivey, won £7.7 million after beating the casino in a session of punto banco baccarat, but was refused payment due to allegations of edge sorting.

Genting Group stated that "there are a combination of factors which have put high-end London casinos at a competitive disadvantage to other global market places and this has led to an unsustainable future for Crockfords in Mayfair".