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Casino Giants Fight for UK Casino Deal

14 May 2004

UNITED KINGDOM – As reported by This is Money: "Five of the world's biggest casino operators are jostling to win a deal to build a £250m (US$439.7 million) Las Vegas-style casino resort complex near Manchester City's new football stadium.

"They have teamed up with a raft of UK property developers to pitch for the 18-acre site. The bidders include London-based Quintain Estates & Developments, the company behind massive urban regenerations around the Dome and Wembley's new stadium.

"…MGM has teamed up with AIMlisted Peel Holdings, a Manchester-based property developer. [Sun City founder Sol Kerzner] has opted for another local specialist, Ask Developments, set up by the former head of UK construction giant Amec's property development arm, Ken Knott.

"…America's Caesars Entertainments has allied itself to Quintain.

"…Meanwhile, Las Vegas Sands has teamed up with Birmingham's Richardson Developments…"

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