MGM Mirage to buy Lincoln Park dog track - 2004-01-28
MGM Mirage, the third-largest U.S. casino company,
agreed to purchase Wembley Plc for $493 million)\ to add its first gambling sites in the U.K. as the British government considers relaxing gaming laws.
MGM Mirage will pay 750 pence for each share of London-based Wembley, or 22 percent higher than its closing share price yesterday. Wembley owns six U.K. dog tracks in cities including Manchester and Wimbledon, as well as the Lincoln Park greyhound track in Rhode Island and three greyhound tracks and a horse racing track in Colorado.
Read the full story at Providence Business News