Within days of Pleasure Beach boss Albert Jones moving an important step closer to full planning approval for his GBP 35m casino scheme, another Yarmouth entrepreneur has restated his intention to also bid for the resort's large casino licence - confident he holds the winning hand. Patrick Duffy, who has already invested more than GBP 9m in his Palace Casino and Palace Bingo complex on the town's old Tesco site...
Chicago - The three players in the high-stakes competition for Illinois' unused 10th casino license laid out key details of plans to build a new gambling destination in either Des Plaines, Rosemont or Waukegan. Executives from three gaming companies on Tuesday publicly presented their bids at an Illinois Gaming Board meeting, promising to deliver loads of much-needed tax revenue for the state, money-sharing arrangements that would benefit other communities and jobs to put people to work.
Sky City put itself up for sale in September after poor results and earlier this month said there was a potential bidder, but it was seeking finance to make an offer. Reuters says the bidder is believed to be private equity fund TPG. Higher global credit costs have delayed or ended possible takeover deals, particularly by private equity firms.
