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London Clubs Sells Casino

3 April 2006

UNITED KINGDOM – As reported by CatererSearch: "London Clubs International (LCL) has sold its Les Ambassadeurs casino in London's Mayfair to investment vehicle Twinwood for £115m.

"…Les Ambassadeurs' new owner is believed to be Indonesian tobacco tycoon Putera Sampoerna.

"Sampoerna is developing a chain of luxury casinos after selling his cigarette business to Philip Morris for $5.2b (£3.01m) last year…"

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