Stanley Leisure Chairs Hits Jackpot in Sale

29 Nov 2004

UNITED KINGDOM – As reported by the UK This is Money: "Nov. 24--Stanley Leisure chairman Lord Steinberg has hit a 36 million pounds jackpot by selling shares in the company to a Malaysian casino giant.

"The Tory peer becomes one of the first beneficiaries of a planned relaxation in Britain's gambling laws.

"He has sold stock in Stanley as part of a deal to form closer ties with Asia's biggest casino operator, Genting, which runs Las Vegas-style resorts in Asia and the US.

"Genting will end up with around 10 percent of Stanley and the duo have signed a pact to co-operate on the creation of a 125 million pounds super-casino in the car park at Leeds United's Elland Road ground.

"…There is no certainty that the duo will be awarded one of just eight licences for regional super-casinos. They are up against stiff competition from hotelier Hilton, which wants to develop a massive casino in Blackpool…"

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Related Links British Online Gambling
	Stanley Leisure Chairs Hits Jackpot in Sale 29 Nov 2004 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> UNITED KINGDOM – As reported by the UK This is Money: "Nov. 24--Stanley Leisure chairman Lord Steinberg has hit a 36 million pounds jackpot by selling shares in the company to a Malaysian casino giant. "The Tory peer becomes one of the first beneficiaries of a planned relaxation in Britain's gambling laws. "He has sold stock in Stanley as part of a deal to form closer ties with Asia's biggest casino operator, Genting, which runs Las Vegas-style resorts in Asia and the US. "Genting will end up with around 10 percent of Stanley and the duo have signed a pact to co-operate on the creation of a 125 million pounds super-casino in the car park at Leeds United's Elland Road ground. "…There is no certainty that the duo will be awarded one of just eight licences for regional super-casinos. They are up against stiff competition from hotelier Hilton, which wants to develop a massive casino in Blackpool…"

Related Links

Stanley Leisure Chairs Hits Jackpot in Sale