August 31, 2006

British Invasion! -- Harrah's to Operate in London

Looks like Harrah's has its eye's set across the pond.
Here's the stoy from Gambling Planet:

London Clubs said on Thursday it had agreed to a takeover offer from the world's biggest casino operator Harrah's Entertainment worth 279 million GBP ($530million).

The 125 pence-a-share recommended offer represents a premium of around 27 percent to London Clubs' closing share price on Wednesday, the two companies said.

Harrah's said London Clubs provided an ideal launch pad for expansion in Britain, where a new wave of licences for Las Vegas-style casinos are due to be approved, and in Europe, in particular Spain.

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    Posted by Russell Miner at August 31, 2006 8:54 AM
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