MGM Mirage to Acquire Wembley for $489 Million - 2004-01-27
MGM Mirage, the third-largest U.S. casino company, agreed to purchase Wembley Plc for 270 million pounds ($489 million) in cash to include six dogtracks in the U.K. and take advantage of possible changes to British gambling laws.
MGM, based in Las Vegas, was among U.S. casino managers saying last year they plan to enter the U.K. as it contemplates ending rules needing casino gamblers to be members and follow dress codes.
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