Gala and Harrah’s end venture to build casinos - 2005-01-07
Gala Group Ltd., Britain's largest bingo-club owner, ended a US$1B joint venture with Harrah's Entertainment Inc. to build eight casinos in Britain. This comes after the government scaled back plans to deregulate the industry.
The companies will instead develop a “strategic alliance” to consider opportunities arising from the UK Gambling Bill, Nottingham.
The ending of the joint venture, signed in June 2003, comes after the government said it would limit the number of new casinos in the country to 24.
Read the full story at The Malaysia Star, Malaysia