Has London Clubs Been Put Up For Sale?

Speculation has suggested that London Clubs, the UK-based casino group, has been put up for sale. A report appearing in The Times said that London Clubs, which is owned by Caesars Entertainment, has put plans in place to seek a bidder. To this end, the firm has hired the services of Goldman Sachs, the leading investment bank, and auditing firm PwC to manage the process.

The newspaper said that the group is worth around £160 million and although it has not been officially confirmed, a number of parties are rumoured to be interested. In other industry news, it has been confirmed that Leeds United’s Elland Road ground is being considered as a possible venue for a new casino in the city. Leeds City Council recently confirmed that there are five parties bidding to secure a new casino licence in the area.
Shaun Harvey, chief executive of Leeds United, said that the venue is capable of staging “world-class events”.