MGM Mirage Makes Offer to Wembley
27 Jan 2004
UNITED KINGDOM – As reported by the UK Times: "MGM Mirage, the Las Vegas-based casino giant, is to become the leading operator of UK greyhound tracks after buying Wembley, the gaming company hit by US bribery allegations.
"MGM Mirage has offered £270 million Wembley, which owns dog tracks including Wimbledon, Oxford and Portsmouth and last year announced the closure of the Catford venue.
"…The deal will accelerate MGM Mirage's expansion into Britain, where it is, with Newcastle United, to build a 'Las Vegas-style' casino on land adjacent to the St James' Park stadium.
"…The Wembley deal will exclude any liabilities relating to Lincoln Park, the Rhode Island racetrack at the centre of bribery allegations…"