Caesars looking to sell London Clubs ?

Just a couple of days after talks between Rank Group and Gala Group broke down due to the two companies failing to agree a purchase price by the former for the latter Sarah Bridge at This is Money/Daily Mail reported that Caesars Entertainment owned London Clubs International has appointed investment bank Goldman Sachs to advise on a possible sale. 31st March, 2012. London Clubs puts its chips on the table with sale talks http://www.thisismoney.co.uk/money/m...ale-talks.html Recent reports suggest that the debt on the books of Caesars Entertainment is now around the $20 billion so it doesn't come as too much of a surprise that asset sales are part of the strategy. If LCI is for sale then a purchaser would pick up a geographically diverse group of 13 operations under several brands. http://www.lciclubs.com/casinos Here's the list. Playboy Club London The Sportsman The Golden Nugget The Casino at The Empire The Rendezvous Southend The Rendezvous Brighton Manchester235 Alea Glasgow Alea Leeds Alea Nottingham The London Club Cairo Caesars Cairo Emerald South Africa Should Caesars make an announcement then it's likely to be here... http://investor.caesars.com/releases.cfm Ian