Harrahs Entertainment Buys its Way into London

Filed in archive Casinos on August 31, 2006

Vegas giant, Harrahs has finally made a big move into the UK. After dabbling for a while online in the UK (and failing), the owners of Caesars have bought london Clubs International for $530 million.

London Clubs runs 4 casinos in London, 2 outside of the Capital and also 2 in Egypt and one in South Africa. They also recently secured 5 more UK licenses.

This acquisition will add to the 37 casinos Harrahs own in the US and marks a major move into the UK casino market just as deregulation is about to happen

"London Clubs International has one of the leading positions in the UK casino market and, through the new licences that it has recently been awarded, will be able to further enhance its position," said Harrah's chief executive Gary Loveman

Article: Casino giant to buy London Clubs