London Clubs puts its chips on the table with sale talks

By SARAH BRIDGE

PUBLISHED: 21:05, 31 March 2012 | UPDATED: 21:05, 31 March 2012

London Clubs  be put up for sale after merger

 talks between Rank Group and Gala Coral collapsed last 

week.

The two gaming giants had been in talks for months about 

Rank buying Gala’s 24 casinos in a proposed £250 million

 deal, but failed to agree  on price. 

Now London Clubs, which is owned by American casino 

operator Caesars Entertainment and which owns the Empire 

Casino in London’s Leicester Square, is understood to have 

appointed investment bank Goldman Sachs to advise on a 

possible sale.

The company owns 13 casinos, including the recently 

launched Playboy casino. Both Rank and Genting, 

Britain’s biggest casino operator, are understood to be  taking an interest. London Clubs was unavailable for comment.

Read more: http://www.thisismoney.co.uk/money/markets/article-2123259/London-Clubs-puts-chips-table-sale-talks.html#ixzz2ON8wc7U2
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