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Harrah's offers $530M for casino group
Message was posted: 10:07 Aug 31st, 2006

User: Sandcastles Rank: Casino Gold: 15110CG Contributor rating: 81480 Status: Offline

Harrah's offers $530M for casino group LONDON, Aug. 31 (UPI) -- The world's largest gambling firm, Harrah's Entertainment, is offering $530 million to buy London Clubs International, a British casino operator. And LCI has recommended the proposal to its shareholders, the Telegraph reported Thursday. Harrah's owns or manages 37 casinos in the United States under its own name, as well as the Caesars and Horseshoe brands. LCI runs four London casinos and two other English casinos. It also two casinos in Egypt and one in South Africa, and recently it acquired five new British casino licenses for sites in Manchester, Leeds, Blackpool, Nottingham and Glasgow. United Press International