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Hellenic Casino Sells Stake

11 January 2006

ATHENS – As reported by Reuters: "Hellenic Casinos Co. said on Monday it agreed to sell a 51.57 percent stake in Greek casino operator Hyatt Regency to funds advised by private equity group BC Partners at 11.0 euros a share.

"It said the sale would be completed upon approval by the European Commission.

"…Hellenic Casinos is owned by the Laskaridis, Pritzker and Theocharakis families. Sources close to the agreement told Reuters Kappa Securities brokered the deal.

"…Hyatt Regency launched casino operations in Thessaloniki in northern Greece in 1996 and opened an upscale hotel three years later, when it listed on the Athens stock exchange…"

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