Genting raises stake in Stanley Leisure

London (Reuters) – Malaysian casino and leisure group Genting Bhd said on Thursday it had increased its stake in Britain’s Stanley Leisure to 43.96 percent.

Genting, which agreed last month to buy Stanley Leisure in a deal which values the country’s biggest casino operator at 639 million pounds, said it bought a further 5.5 million shares — 7.74 percent stake — in Stanley Leisure at its offer price of 860 pence apiece.

Including options, Genting’s stake is now 49.22 percent.