American gambling giant increases bid for UK casino group

Casino operator London Clubs International was on the verge of American ownership today after Las Vegas gaming giant Harrah’s Entertainment upped its bid.

American gambling giant increases bid for UK casino group
Sun, 22 Oct, 2006 - 13:59

Casino operator London Clubs International was on the verge of American ownership today after Las Vegas gaming giant Harrah’s Entertainment upped its bid.

Harrah’s, the biggest casino operator in the world and owner of Caesars Palace in Las Vegas, increased its offer from 125p a share to 135p a share to value LCI at £302.2m (€451.2m).

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CourtsBusinessHeathrowPlace: UKPlace: Las VegasPlace: LondonPlace: ManchesterPlace: LeedsPlace: BlackpoolPlace: NottinghamPlace: GlasgowPlace: LiverpoolPlace: USPerson: Michael BeckettOrganisation: London Clubs InternationalOrganisation: Harrah’s EntertainmentOrganisation: Harrah’sOrganisation: Caesars PalaceOrganisation: LCIOrganisation: Genting InternationalOrganisation: GentingOrganisation: HarrahOrganisation: Apollo ManagementOrganisation: Texas Pacific GroupOrganisation: FiftyOrganisation: The Rendezvous CasinoOrganisation: The Sportsman CasinoOrganisation: The Golden Nugget CasinoOrganisation: CaesarsOrganisation: HorseshoeOrganisation: Stanley Leisure
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