Gambling news from http://www.bloomberg.com/
Harrah's Entertainment Inc., the world's largest casino company, agreed to buy London Clubs International Plc for 279.3 million pounds ($532 million) to expand outside the U.S., its domestic market.
The purchase price of 125 pence a share is 27 percent more than yesterday's closing price for London Clubs stock. Las Vegas-based Harrah's is making the acquisition through Dagger Holdings Ltd., which announced the purchase today in a Regulatory News Service Statement.
The acquisition brings Harrah's six U.K. casinos and three elsewhere as well as licenses for six more British venues, including a property in London's Leicester Square scheduled to open March 2007.
|
|
World Casino Directory 
Gambling Forums 
