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Stanley Leisure May Apply for All New U.K. Casinos

27 Jan 2005

UNITED KINGDOM – As reported by the Bloomberg News :"Stanley Leisure Plc, the largest U.K. casino operator, may apply to operate all the 24 casinos allowed under new British gambling laws after the government placed limits on the number of Las Vegas-style venues it will permit.

"The company, which last year joined forces with Malaysia's Genting Bhd. to develop so-called regional casinos in the U.K., will pursue all opportunities after the industry's expansion was restricted, Finance Director Colin Child said in an interview.

"…Proposed changes to U.K. gambling laws were scaled back at the end of last year to allow only eight 'super-casinos' of the kind operated by U.S. companies including Caesars Entertainment Inc. and MGM Mirage. The proposals also restrict the number of medium and small casinos that can be built to eight each…"

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