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NEWS 16 May 2012

Caesars seeking LCI sale

Casino operators London Clubs International (LCI) have been put up for sale, according to a report in The Times newspaper.

LCI owners Caesars Entertainment, who are said to value the business at £160m, are understood to have appointed financial giants Goldman Sachs and PricewaterhouseCoopers to oversee the process.

The sale is apparently being broken down into two parts, with Caesars looking to sell both sections separately. LCI’s ten UK and two Cairo casinos are valued at £100m, with their Emerald Resort & Casino in South Africa rated at £60m.
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