Wembley Shares Go Crashing As Blb Drops Takeover

Evening Standard - London › July 05, 2004

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Summary

THE Sol Kerzner-led casino syndicate set to buy gaming group Wembley today scrapped the Pounds 309 million deal in a move shocking investors and the company, writes Jim Armitage.

Shares in Wembley bombed nearly a third after the consortium, BLB Investors, said it was walking away, citing the uncertain "political environment" in Rhode Island in the US, where Wembley's giant casino complex provides more than 90% of the company's business.

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Wembley Shares Go Crashing As Blb Drops Takeover

It is believed BLB was scared off by speculation th...

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