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Poker Forums => The Rail => Topic started by: TightEnd on September 05, 2006, 10:54:16 AM



Title: The UK Casino scene is changing fast
Post by: TightEnd on September 05, 2006, 10:54:16 AM
Last week WSOP Owner Harrah's announced it was buying London Clubs

Now today Stanley Leisure has announced it has recieved a bid. This is likely to be from overseas too...possibly the Far East

This would mean that Grosvenor aside (and it is not beyond the realms of possibility that a perennially underperforming business like Rank could be broken up) that about half the country's casino estate has been flogged in the last month

For punters, I expect this might be good news...more cutt hroat competition and new innovative owners could produce benefits for us.

Whether this spills over to poker competitions and added value I do not know


Title: Re: The UK Casino scene is changing fast
Post by: boldie on September 05, 2006, 11:08:30 AM
Last week WSOP Owner Harrah's announced it was buying London Clubs

Now today Stanley Leisure has announced it has recieved a bid. This is likely to be from overseas too...possibly the Far East

This would mean that Grosvenor aside (and it is not beyond the realms of possibility that a perennially underperforming business like Rank could be broken up) that about half the country's casino estate has been flogged in the last month

For punters, I expect this might be good news...more cutt hroat competition and new innovative owners could produce benefits for us.

Whether this spills over to poker competitions and added value I do not know

I spoke to someone about this the othere day band the guy is pretty much in the know.

stanleys has recieved a bid from an American investor...they are very interested in establishing a presence in the cities nominated for a supercasino as they feel a lot of money can eb made from it. (Glasgow seems to be on the very short list but London will get one first as we all know).

The Americans who want to buy Stanleys would promote poker quite heavily as they see that there is definetly a market for poker in the UK. They also feel that poker is an intergral part to every casino.

Great news in my book.


Title: Re: The UK Casino scene is changing fast
Post by: Enzyme_ on September 05, 2006, 12:08:44 PM
Have they started the super casino down the clyde yet?


Title: Re: The UK Casino scene is changing fast
Post by: Graham C on September 05, 2006, 12:41:07 PM
Aren't Harrahs investing heavily in to China?  I saw a report that Macaw (I think it was) will be busier than Vegas in a couple of years time.


Title: Re: The UK Casino scene is changing fast
Post by: TightEnd on September 05, 2006, 12:46:58 PM
I have a property investor friend who lives in HK and bought land in Macau.

It is fair to say he has made out big time now the casino scene has taken off....as China industrialises and the Chinese consumer "westernises" then the disposable income of these billions of potential punters should rise and it is looking a complete goldmine for casino companies who get in


Title: Re: The UK Casino scene is changing fast
Post by: The_nun on September 05, 2006, 12:50:01 PM
I am sure it is big time out there..Have you ever seen Vegas at Xmas .. full of Chinese..


Title: Re: The UK Casino scene is changing fast
Post by: MrMoves on September 05, 2006, 12:56:41 PM
The far east will be a massive market for casinos and poker in the coming years, IMHO.

Glad you see you read the right press, Tighty  :D


Title: Re: The UK Casino scene is changing fast
Post by: TightEnd on September 05, 2006, 12:58:59 PM
yes www.bloomberg.com


it's fantastic!


Title: Re: The UK Casino scene is changing fast
Post by: MrMoves on September 05, 2006, 01:00:02 PM
 :tikay:


Title: Re: The UK Casino scene is changing fast
Post by: TightEnd on September 05, 2006, 01:29:03 PM
don't know what you are talking about boss.


Title: Re: The UK Casino scene is changing fast
Post by: Scottish Dave on September 05, 2006, 04:02:31 PM
Have they started the super casino down the clyde yet?

dont think so, but they have the area pegged out, did you watch the program on BBC1 on sunday night?


Title: Re: The UK Casino scene is changing fast
Post by: thetank on September 05, 2006, 04:04:21 PM
Anyone know when the new Rendevous Casino at Kingston Quay is scheduled to open?


Title: Re: The UK Casino scene is changing fast
Post by: Royal Flush on September 05, 2006, 05:00:26 PM
I hate Harrahs though.


Title: Re: The UK Casino scene is changing fast
Post by: dik9 on September 05, 2006, 05:43:17 PM
I thought Harrahs already have links with Gala?


Title: Re: The UK Casino scene is changing fast
Post by: Wardonkey on September 05, 2006, 05:45:29 PM
I thought Harrahs already have links with Gala?

They did, but when they discovered how badly run the casino division was they ran a mile...



Title: Re: The UK Casino scene is changing fast
Post by: dik9 on September 05, 2006, 05:46:17 PM
 rotflmfao

Wise move LOL


Title: Re: The UK Casino scene is changing fast
Post by: Wardonkey on September 05, 2006, 06:02:29 PM
That's not the only reason.

Harrah's role was to be in setting up 5 or 6 much larger casinos. This was when it was looking like the government was going to allow more 'supercasinos' and 'regional casinos' than the one currently proposed.


Title: Re: The UK Casino scene is changing fast
Post by: dik9 on September 05, 2006, 06:03:47 PM
I was at a gala seminar when one of the bosses said Harrahs was a sister company, shocked me a bit?


Title: Re: The UK Casino scene is changing fast
Post by: Wardonkey on September 05, 2006, 06:09:57 PM
Harrahs would have built the casinos, set everything up and then handed them over to Gala after a couple of years, after pocketing a hefty fee. They have done this very succesfully in places such as New Zealand and South Africa.


Title: Re: The UK Casino scene is changing fast
Post by: dik9 on September 05, 2006, 06:11:44 PM
I thought they would have used Gala's name to try and get licenses then handed them over to harrahs? Iknow Gala is going to float soon, thats why they are buying everything.


Title: Re: The UK Casino scene is changing fast
Post by: Wardonkey on September 05, 2006, 06:22:22 PM
I dunno, you are probably right, Harrahs seem keen to establish a permanent presence in the UK.

I've worked for both companies and I know a bit about how they go about things. But mostly I'm just thinking aloud...


Title: Re: The UK Casino scene is changing fast
Post by: ericstoner on September 05, 2006, 09:45:35 PM
When are Gala going to float....Is it a BUY?


Title: Re: The UK Casino scene is changing fast
Post by: dik9 on September 05, 2006, 11:08:36 PM
Top Secret Dude :D but seriously i don't know think early 2007 was mentioned.