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Stanley Leisure
11/09/2006
Stanley Leisure, the chain of 45 casinos, has accepted a £639m takeover bid from Genting International of Malaysia. Genting already owns 20 per cent of Stanley Leisure, and will pay 860 pence per share in cash for the remainder of the business. Genting already owns Maxims Casino Club in Kensington, and thiis latest acquisition has prompted speculation that the group could also launch a takeover bid for London Clubs, in which if already holds a 29.8 per cent stake. Genting International is owned by Malaysia's third-richest family, the Tan Sri Lims.

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