Vegas firm on track to buy stadiums - 2004-01-28
Birmingham’s famous Hall Green and Perry Barr dog tracks are expected to be taken over by a US casino company in a £270 million deal.

Greyhound racing and gaming group Wembley, owner of the two tracks in addition to four others in the UK, said yesterday that it had agreed an offer by Las Vegasbased MGM Mirage.

The cash offer of 750p per share, which is subject to approval by shareholders, regulators and the US courts, represents a premium of 22.4 per cent over Wembley’s Monday closing price of 61212p.
Read the full story at ic Birmingham.co.uk

Kerkorian has tough path - 2004-01-28
"This is not about the money. It's about deceit and fraud."

At least that's what casino mogul Kirk Kerkorian, whose net worth has dropped to $3 billion from almost double that two years ago, insisted to a throng of journalists one December day outside a federal courthouse in Wilmington, Del.

The trim, tan 86-year-old CEO of Tracinda Corp. had spent two days outside his reclusive shell on a witness stand, grumbling about how Daimler-Benz AG and its CEO, Juergen Schrempp, duped him into voting more than 72 million of his Chrysler Corp. shares in favor of a so-called merger of equals between the carmakers.
Read the full story at Detroit Free Press