Game Types Bonuses Slots More
Online Casinos Poker Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Live Dealers
Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions Edit Preferences Search

Bank loses millions on Vegas casino

13 Oct 2010

LONDON, England and LAS VEGAS, Nevada -- Lloyds has taken a massive financial hit on lost loans to M Resort Spa Casino, The Guardian reported.

Lloyds Banking Group, which is partly state owned, took over HBOS in 2008, but HBOS have suffered a poor return on loans given by them to M Resort Spa Casino in Las Vegas, The Guardian said.

Meanwhile Penn National Gaming only paid $230.5m for about $860m owed to HBOS International and acquired the casino at a "fraction" of the actual building cost, The Guardian noted.

About Us | Advertising | Publications | Land Casinos