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Packer Wins Cardiff Casino Bid

12 July 2005

UNITED KINGDOM – As reported by the Sydney Morning Herald: "Kerry Packer's foray into the British gambling market appears to be back on track with the announcement that his consortium has been chosen to operate a casino proposed as part of a £700 million ($1.64 billion) sports village project in Wales.

"Cardiff Council in South Wales said that Aspers - a subsidiary of Mr Packer's joint venture with British casino operator Damian Aspinall - had been chosen to operate the proposed casino after a year-long tender process for which there were 11 applicants.

"…The announcement is the first major development by Aspers since the watering-down earlier this year of proposed changes to UK gambling laws that were expected to liberalise the market.

"British reports have estimated that the Cardiff casino will cost between £150 million and £200 million to develop…"

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