Gets shareholder approval to buy Genting UK. Genting Malaysia has obtained shareholder approvals for the acquisition of Genting UK from Genting Singapore, in a deal that will cost £426m (RM2.1bn) – comprising £340m equity and £86m debt. Recall Genting UK is the UK’s largest casino group, owning and operating 44 casinos in the UK including 5 in London (Crockfords, The Colony Club, Maxims Casino Club, The Palm Beach and London Mint). Other than this, Genting UK also has a 10-year concession to operate a new casino at the Nile Ritz Carlton Hotel in Cairo, which is expected to be opened in early 2012.
Genting Malaysia Berhad : Obtains Shareholder Approvals For Genting UK Acquisition - 25/08/2010
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