MGM Mirage announces £270m takeover of Wembley - 2004-01-28
US hotel and gaming resort operator, MGM Mirage is to purchase London-Based casino and dog-track operator, Wembley, in a cash deal worth £270m.

The purchase gives MGM Mirage access to Wembley’s five UK greyhound racing stadiums and consequently the possibility to develop track-side gaming resorts to take advantage of the proposed changes to gaming regulation.

Wembley shareholders will receive 750p per share – a premium of 22.4 per cent over the closing price of 612.5p on 26 January – as well as receiving shares in Newco – a company to be formed to separate Wembley’s Lincoln Park site - which is currently the subject of litigation on bribery charges in the US – from the rest of the business.
Read the full story at World Leisure News

Five-star hotel on the cards for Kings Dock - 2004-01-28
Liverpool could get its first five-star hotel if planners agree to allow a casino to be constructed as part of the Kings Dock redevelopment plan.

Officials from regeneration company Liverpool Vision are in discussions with a number of top hoteliers about the waterfront site, with a five star hotel top of the agenda.

One contender for the site is the Hilton Group, who run a chain of international hotels and also own gambling and casino chain Ladbrokes.
Read the full story at Liverpool Echo