William Hill poised to buy 600 Stanley Leisure betting shops - Thursday 12th of May 2005

Gaming group William Hill PLC will this week reach an agreementto buy rival Stanley Leisure PLC's 600-strong chain of betting shops for 500 mlnstg, in a deal that will turn it into the UK's biggest bookmaker, the Observerreported.

The transaction will leave William Hill with 2,200 betting shops, allowing it toovertake current sector leader Ladbroke's, the Observer said. The paperpredicted that Stanley Leisure will use the proceeds of the deal to build up itscasino interests, making a merger with casino operator London Clubs more likely.

William Hill said last month it was in talks to buy Stanley Leisure's bettingshops in the UK and Ireland for a sum "in excess of 500 mln stg". Neithercompany could immediately be reached for comment.

Other news from around the same time

Elvis Reign in Las Vegas - Thursday 12th of May 2005

CBS and Channel 8 are taking a look back at the life of Elvis this week. The King ruled the Strip in....


Binion Horseshoe Casino $10,000 Notes Now Available to Public - Thursday 12th of May 2005

Rare coin and precious metals dealer Goldline International, Inc. (Goldline.com) has announced that....


Miami's Fontainebleau is Coming to The Strip - Thursday 12th of May 2005

A touch of Miami will spice up the north end of The Strip. It's being brought here by a familiar nam....


Wynn Slams Singapore's Casinos - Thursday 12th of May 2005

Las Vegas casino mogul Steve Wynn said the Singapore government's direct involvement in designing th....


Betfair considers Hobart base - Thursday 12th of May 2005

It is understood the British betting agency Betfair has started looking for office space in Hobart, ....


Boyd property plans to double size of original project - Thursday 12th of May 2005

Boyd Gaming Corp.'s South Coast property hasn't even opened its doors, but today officials announced....


Guests Feel Safer With Wynn Security Dogs On Premises - Thursday 12th of May 2005

Their names are pure Las Vegas: Jackpot, Ace, and Casino, but their job is far from fun and games. A....


Ho, Packer team up for $8b Cotai resort - Thursday 12th of May 2005

Tycoon Stanley Ho muscled his way into Macau's embryonic Cotai casino hub Thursday, with plans for a....


Seminoles hit the jackpot - Thursday 12th of May 2005

Florida gambling business is hot As the Hollywood Hard Rock Hotel & Casino hits its one-year anniver....


Nevada casinos win record $1 billion in March - Thursday 12th of May 2005

Nevada casinos won $1.03 billion from gamblers during March -- a record for any month -- for a 10.9 ....