Stanley Leisure Taken Over by Genting  

There had been some rumblings to the effect, but today it was made official, Stanley Leisure has agreed to a takeover by Genting. The British casino operator had been in discussions with the Malaysian gaming firm, but nothing was written in stone. Experts thought that this was in the works, but until announced today, nothing had been made public.  

Stanley has agreed to a £639m takeover by Genting, which will come out to 860p per share. Because of the UK gaming deregulation that has been going on, they have been seeing more and more companies taken over by outside countries, as many feel that there is an increased opportunity in the UK with the new rulings. With the new talks of the “super casinos” many outside firms feel that they have a real chance of succeeding within the UK now, and acquiring existing slot machine and gambling companies has become a top priority. 

London Clubs International had been in talks with Stanley for the two companies to possibly merge together and create a third company on their own, however the deal fell through. London Clubs ended up being bought by Harrah’s Entertainment for £280m last month. There are eight sites currently short listed for casinos, but the UK has not made any sort of decisions regarding who the final winners will be.

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