Genting Seals Stanley Leisure Takeover

11 Sep 2006

LONDON, England -- As reported by the Guardian: "The British casino operator Stanley Leisure today agreed to a £639m takeover by the Malaysian gaming firm Genting.

"The 860p per share offer was the latest foreign takeover of a British gaming company, coming amid expectations of increased opportunities because of UK gambling deregulation.

"Under last year's Gambling Act, Britain will get 17 much larger casinos than had previously been allowed, including a Las Vegas-style "super casino".

"...'The Stanley board believes that, while Stanley is well placed to take advantage of deregulation, the offer by Genting International UK provides immediate crystallisation of the future value inherent in the group,' Bob Wiper, the Stanley chief executive, said.

"...Since the sale of its UK retail bookmaking operations in June last year, Stanley has concentrated on consolidating its position as Britain's biggest casino operator..."

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	Genting Seals Stanley Leisure Takeover 11 Sep 2006 LONDON, England -- As reported by the Guardian: "The British casino operator Stanley Leisure today agreed to a £639m takeover by the Malaysian gaming firm Genting. "The 860p per share offer was the latest foreign takeover of a British gaming company, coming amid expectations of increased opportunities because of UK gambling deregulation. "Under last year's Gambling Act, Britain will get 17 much larger casinos than had previously been allowed, including a Las Vegas-style "super casino". "...'The Stanley board believes that, while Stanley is well placed to take advantage of deregulation, the offer by Genting International UK provides immediate crystallisation of the future value inherent in the group,' Bob Wiper, the Stanley chief executive, said. "...Since the sale of its UK retail bookmaking operations in June last year, Stanley has concentrated on consolidating its position as Britain's biggest casino operator..."