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Online Casino Conditions >>> Betting News >>> September News


Genting Int. Makes a Strong Claim for Leisure and UK Casinos

Online Casino Conditions Staff
September 15, 2006

It appears definite that UK Gambling empire, Stanley Leisure Plc. is being bought out by a Malaysian investment holdings company by the name of Genting International Plc. The selling price is reported to be over $1 billion, which is one-quarter higher than the September 1 London Stock Exchange closing price of Stanley Leisure. Amidst speculation that Stanley Leisure was resisting courtship by outside investors, it was not clear if Genting International was being taken into good favor by Leisure.

Genting International made their intent to purchase Leisure on September 2, and have since then acquired 30% of the company's shares. With over $80 million in company revenue for the year 2005, Genting is well endowed to take control of the largest casino and gambling operator in  the UK. In addition to some forty-five gambling sites and casinos in the UK,  including four casinos in the heart of London, Stanley Leisure also has an interest in several other European gambling markets such as Germany, Italy and Belgium.

Genting International is making it apparent the company plans to diversify their finance portfolio with the purchase of Stanley Leisure. Beforehand, Genting primarily concentrated its investing efforts in the hospitality industry. This naturally gave way to interest in resorts, which in turn, resulted in the purchase of Maxim's Casino Club in early 2005. Taking stake into Stanley Leisure now gives Genting the credibility of a global supplier of casino gambling interests, not to mention the prospects of a stake in the online casino gambling industry.

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