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Consolidation of the industry has been on the cards in Britain since the shake-up of the gaming laws paved the way for international operators to run new super-casinos proposed by the Government. Following today's announcement, however, Stanley said "discussions have terminated".

LCI has recommended the p-a-share offer from Harrah's Entertainment, owner of Caesar's Palace in Las Vegas, but may yet run into opposition from london clubs international casinos main shareholder, Malaysian gambling group Genting International. LCI also owns casinos at Southend and Brighton.

As one of only three quoted operators in this sector, and with the highest quality pipeline of new openings, we cannot rule out a rival bid. Earlier this month, there were reports that Harrah's wanted to buy london clubs international casinos LCI and Stanley, although it was not known whether Harrah's would strike before or after the completion of any merger agreement.

Style Book. Harrah's has pitched the bid at a LCI shares immediately jumped above the bid level, rising 35pc to p by mid afternoon. Genting is not in a position to block Harrah's deal, but it could be a major obstacle. Seven sites, including the Millennium Article source, have been shortlisted for the first super-casino, with US operators in a strong position because of their experience.

Weather Forecast. Genting is trying to orchestrate a merger between LCI, of which it is a 29pc owner, and UK rival Stanley Leisure, in which it is also the largest shareholder.

Reports have suggested that another reason for Harrah's expansion is because of concerns about soaring construction costs in Las Vegas. Terms and Conditions. Accessibility links Skip to article Skip to navigation. Saturday 06 June By Philip Aldrick.

Stanley shares were also firmer, up 6pc at p. Harrah's, which owns or manages 37 casinos under brands including Caesar's and Horseshoe, said it had been looking to establish a "significant presence" in the UK for some time. Matthew Gerard, of Investec Securities, said: "It is difficult to believe Harrah's would have approached the LCI board without - at least unofficially - consulting Genting. Genting has made no comment other than to acknowledge the development. Stanley has casinos in London plus 41 sites in cities including Bristol, Liverpool and Birmingham.