Casino Milton Keynes

Despite being the one and only gaming establishment in Milton Keynes, the Aspers casino is not small at all. It features modern slot machine and has a large number of electronic terminals. The table games are represented by a great selection of Roulette, Blackjack, Punto Banco, Three Card Poker and Super Wheel. Finesse Casinos are on hand to provide mobile fun casino hire in Buckinghamshire area and we’ve previously provided casino hire services to towns in the local area including Aylesbury, Amersham, Chesham, Milton Keynes, Leighton Buzzard, Buckingham and High Wycombe. Mobile Services provided throughout Buckinghamshire.

  • Aspers World is our loyalty rewards programme, exclusive to our four casinos within the UK; Newcastle, Northampton, Milton Keynes and Stratford. With Aspers World, you can easily earn Aspers World Points and be rewarded with an array of awesome benefits. SIX MONTHS TO ENJOY YOUR BENEFITS.
  • Simply the best casino and leisure destination in Milton Keynes.

The Aspers Group comprises of four casinos within the UK and also an online casino, Aspers.com. The group is led by Chairman Damian Aspinall and is a 50/50 joint venture between Damian Aspinall and Crown Resorts of Australia.

Corporate Casino nights in Milton Keynes Our Corporate Casino Hire in Milton Keynes is great for Staff nights out, Team building, Product launches, Client events and Office parties. We use full size casino tables including Blackjack, Roulette, Dice, Wheel of Fortune and Poker. Make your corporate event one not to forget with our casino!

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Howletts Wild Animal Park, founded by Damian’s father John, and its sister park Port Lympne Hotel & Reserve, have become among the world’s leading reserves, not only in the breeding of rare and endangered species, but in the practice of reintroducing animals into the wild.

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In 1984, John Aspinall founded the Aspinall Foundation, a not-for-profit organisation dedicated to the protection and preservation of rare and endangered species, which is chaired by Damian who plays an active role in its activities.

During lockdown, we revised our loyalty rewards programme Aspers World including our corporate social responsibility stance. The Aspinall Foundation is now at the centre of what we will be doing in terms of all our fundraising activities.

With physical distancing in place upon reopening of our properties due to COVID-19, we will have safety protocols that will limit some of our facilities initially.

Aspers also works closely with its suppliers and third parties to provide a safer gambling environment in our casinos. To help you enjoy your experience with Aspers and gamble responsibly, our slot machines and electronic gaming terminals now have the functionality to notify you when using your Aspers World card when you have reached a predetermined loss limit*. You will receive a notification on the machine display when your limit is reached, providing you with the opportunity to check that you are still happy to continue.

*Note: the new functionality is not available on our sports-betting and bingo terminals.

In common parlance, the term casino capitalism refers to the unregulated excesses associated with the “boom and bust” cycles of large speculative ventures, such as Enron. Its origins in the literature probably lie with John Maynard Keynes (1883–1946) and his famous General Theory of Employment, Interest, and Money, first published in 1936. In this vigorous attack on the classical and neoclassical economics that was predominant at Cambridge in the 1930s, Keynes refers to the “casino capitalism” embodied in the winning and losing of fortunes on the stock market. Keynes had already spoken in the 1920s of the immoral and insidious influence of an economy freed from restraint, believing that unfettered greed would create a wave of social problems. In chapter 12 of the General Theory, Keynes refers to casinos twice, first when he comments:

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Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. The measure of success attained by Wall Street, regarded as an institution of which the proper social purpose is to direct new investment into the most profitable channels in terms of future yield, cannot be claimed as one of the outstanding triumphs of laissez-faire capitalism. (Keynes 1936, p. 159)

Later in the same chapter, Keynes comments:

It is usually agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges. That the sins of the London Stock Exchange are less than those of Wall Street may be due, not so much to differences in national character, as to the fact that to the average Englishman Throgmorton Street is, compared with Wall Street to the average American, inaccessible and very expensive. (Keynes 1936, p. 159)

Aspers Casino Milton Keynes

In her 1986 book Casino Capitalism, British economist Susan Strange (1923–1998) comments: “The Western financial system is rapidly coming to resemble nothing as much as a vast casino.” Strange argues that, between about 1965 and 1985, considerable increases in risk and uncertainty in economic markets gave rise to substantial social and political disruptions in the global system. She links these changes to five major trends: (1) innovations in the way financial markets operate; (2) the increased scope of markets; (3) the shift from commercial to investment banking; (4) the rise of the Asian investment markets; and (5) the removal of government regulation from banking. Strange argues for increased regulation and more substantial American leadership, which she believes is required because of the predominant role of the United States in the world markets. Coming as it did during the period of Reaganomics, her advice fell on deaf ears.

The term casino capitalism also appears in the work of Irving Fisher (1867–1947) and Hyman Minsky (1919–1996). Fisher, along with others in the 1930s, was faced with the problem of explaining the tragedy of the Great Depression. The common view among economists of this era, of whom Keynes may be representative, was that financial markets were like casinos, rather than “markets” in the usual sense of the word, and that these speculations contributed mightily to the social ills of the day. Fisher, along with John Burr Williams (1900–1989) and Benjamin Graham (1894–1976), claimed that the casino metaphor was misplaced. Instead, they argued that the asset prices of financial assets reflected “intrinsic value,” which in turn could be calculated by deciding the total value of dividends likely to be produced in the future.

As with the work of Strange, who found value in the ideas associated with the term casino capitalism, Minsky contributed to an analysis of uncertainty in markets. Minsky is famous for proposing the financial instability hypothesis, which argues that most forms of capitalism tend toward instability. He supported long-term large-scale economies with decided government intervention. Dimitri Papadimitriou and L. Randall Wray (1998) argue that Minsky’s work, in this way, is best labeled post-Keynesian because he attempted to set out the precise institutional means by which the casino system might be better regulated, whereas Keynes made only the most general of comments. In all these cases, the notion that capitalism is essentially speculative and little more than a system of big and small bets in a grand game of chance is at work, and most of the writings around this topic focus on ways to make this irrational system more susceptible to reason and stability.

SEE ALSOBeauty Contest Metaphor; Business Cycles, Empirical Literature; Business Cycles, Political; Business Cycles, Real; Business Cycles, Theories; Economic Crises; Economics, Post Keynesian; Financial Instability Hypothesis; Financial Markets; Fisher, Irving; Keynes, John Maynard; Minsky, Hyman; Speculation; Stock Exchanges

BIBLIOGRAPHY

Keynes, John Maynard. 1936. The General Theory of Employment, Interest, and Money. New York: Harcourt.

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Papadimitriou, Dimitri B., and L. Randall Wray. 1998. The Economic Contributions of Hyman Minsky: Varieties of Capitalism and Institutional Reform. Review of Political Economy 10 (2): 199–225.

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Strange, Susan. [1986] 1997. Casino Capitalism. Manchester, U.K.: Manchester University Press.

Christopher Wilkes