Harrahs buys 83% of the firm London Clubs International

08.11.2006, Lesen Sie hier den Bericht über «Harrahs buys 83% of the firm London Clubs International»

The British company operates seven casinos in UK (US).- Harrah’s Entertainment says it has acquired or received acceptances for about 83 percent of the ordinary shares of London Clubs International. According to a press release of the company, it anticipates “controlling 100 percent of London Clubs by the end of the fourth quarter.”

London Clubs operates seven casinos in the United Kingdom, and has another four under development. LCI also operates two casinos in Egypt and one in South Africa, and acts as a consultant to a casino in Lebanon.

“London Clubs’ experienced, multinational management team strengthens our existing team, enhancing Harrah’s international expansion opportunities,” said Gary Loveman, Harrah’s chairman, president and CEO. “Additionally, the London Clubs properties will strengthen our position in the evolving regulatory framework in the United Kingdom, and we are looking forward to working closely with the London Clubs management team.”

Harrah’s Entertainment, the world’s largest provider of branded casino entertainment, was founded in Reno, Nevada, 68 years ago, and it has grown through development, expansions and acquisitions.

Über Harrah's Operating Company, Inc.:

Founded in 1937, Harrah´s Entertainment, Inc. is the world´s largest casino operator.

We operate 28 casinos in 12 states under the Harrah´s, Harveys, Horseshoe, Rio, and Showboat brand names. Our goal is to provide great customer service in exciting and entertaining environments, and become your overwhelming first choice for casino entertainment.

We concentrate on building loyalty and value for our customers, shareholders, employees, business partners, and communities by being the most service- oriented, technology-driven, geographically-diversified company in gaming. Enjoy your visit to our site. We look forward to your comments about us.

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