Caesars Entertainment News
2013 opening date for Horseshoe Casino CincinnatiGordon Ramsay opens two Las Vegas restaurants in DecemberWeekly Gambling News RoundupLondon Clubs International News
Glasgow Casino Won't Open Until Fall of 2007Harrah's Acquires Controlling Interest of London ClubsGambling statistics show increase in UK despite recessionNETELLER.COM latest sponsor of Poker in the ParkPokerStars announces European Poker Tour London ScheduleDublin voted European Poker Capital
Club USA Casino
Club USA Casino is one of the top five online casinos welcoming US Players. The site is powered by Realtime Gaming software and features over 300 slots and games. Some of the popular slots include Aztec's Millions, Naughty or Nice and Rudolph's Revenge. if you play any of the Video Slots plus Keno and Scratch Cards you will receive a 100% bonus up to $777 using the coupon code BIGSLOT. Or play Blackjack, Video Poker, Casino Poker and more and receive a 100% bonus up to $150 using the coupon code NEW100.
Harrah's Offers to Purchase London Clubs International
Thursday, August 31, 2006
LAS VEGAS -- A subsidiary of Harrah's Entertainment, Inc. (NYSE:HET) today announced the terms of a cash offer to acquire all of the outstanding ordinary shares of London Clubs International plc for
GBP 1.25 per share, or approximately $530 million in the aggregate. The board of directors of London Clubs International has unanimously recommended that its shareholders accept the offer. If the offer is successful, Harrah's expects the transaction to close in the fourth quarter of 2006.
GBP 1.25 per share, or approximately $530 million in the aggregate. The board of directors of London Clubs International has unanimously recommended that its shareholders accept the offer. If the offer is successful, Harrah's expects the transaction to close in the fourth quarter of 2006.
London Clubs International currently operates six casinos in the United Kingdom and has an additional five under development. London Clubs also operates two casinos in Egypt, one in South Africa and has a consulting relationship with a casino in Lebanon.
"London Clubs has a strong collection of properties that are well positioned in the United Kingdom's evolving regulatory framework. Under Harrah's ownership, these international properties will even be stronger in the future," said Gary Loveman, chairman, chief executive officer and president of Harrah's. "The multi-national operational experience of LCI's management strengthens Harrah's existing team, allowing for continued international expansion."
In connection with the transaction, Banc of America Securities LLC is acting as sole financial advisor to Harrah's Entertainment.
Caesars Entertainment
One Caesars Court
Las Vegas, NV 89119
Las Vegas, NV 89119
Phone: (702) 407-6000
Fax: (901) 762-8637
Website: www.caesars.com
Fax: (901) 762-8637
Website: www.caesars.com
| Caesars Entertainment owns or manages through various subsidiaries more than 40 casinos in three countries, primarily under the Harrah's, Caesars and Horseshoe brand names. Caesars also owns the World Series of PokerŪ and the London Clubs International family of casinos. |
London Clubs International
10 Brick Street
London W1J 7HQ
United Kingdom
London W1J 7HQ
United Kingdom
Phone: +44 (0) 20 7518 0158
Fax: +44 (0) 20 7318 6611
Website: www.lciclubs.com
Fax: +44 (0) 20 7318 6611
Website: www.lciclubs.com
| London Clubs International is a market leader in London and with four of the 24 licences currently in the city, LCI offers casinos for all tastes and every level of play: Fifty, The Rendezvous Casino, The Sportsman Casino and The Golden Nugget Casino. |