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wembleyplc MGM Mirage Increases Wembley PLC Bid Apr 8, 12:58 PM EST Gambling giant MGM Mirage upped its bid Thursday to $555 million for London-based Wembley PLC, owner of a Rhode Island dog racing track and video slot center and race tracks in Colorado and England Both have pleaded innocent -based Wembley USA, which owns one horse track and three greyhound racing tracks in Colorado mgmmirage It is the parent of Aurora, Colo and Waterford Group LLC, companies that partnered in developing Mohegan Sun casino in Connecticut 46 for each Wembley share, up from its previous bid of $490 million The deal still needs approval from Wembley shareholders and regulatory agencies, and is subject to reorganization of the Lincoln Park track in Rhode Island Wembley held its annual shareholders meeting Thursday in London, but the offer was not voted on, MGM Mirage spokesman Alan Feldman said in Las Vegas The higher bid came a little over a week after BLB Investors, a group of hotel and casino developers, made a $525 million offer for Wembley 82 on the New York Stock Exchange The other half is divided between Kerzner International Ltd MGM Mirage stock traded Thursday down 27 cents at $46 Efforts to reach BLB for comment were not immediately successful Half of BLB Investors LLC is owned by Starwood Capital, a real-estate investment firm affiliated with the company that owns the Westin and Sheraton hotel chains Wembley began taking bids after former chief executive Nigel Potter and Lincoln Park chief executive Daniel Bucci were indicted on federal conspiracy and bribery charges MGM Mirage owns or operates 12 casinos in Nevada, New Jersey, Mississippi, Michigan and Australia, and has investments in two other resorts in Nevada and New Jersey â€â€?â€â€?â€â€? On the Net: http://www In addition to the Rhode Island dog racing track, Wembley operates greyhound tracks in Wimbledon, Manchester, Birmingham, Oxford and Portsmouth in the United Kingdom In a statement, the Las Vegas-based company said it would pay $15 com It has a 25 percent interest in British casino developer Metro Casinos Ltd Wembley did not make any immediate comment on the MGM Mirage bid, but MGM chairman and chief executive Terry Lanni said the offer had the support of the Wembley board of directors com http://www -elect Arnold Schwarzenegger's sprawling estate in Brentwood last month has pleaded no contest to trespassing charges Superior Court Judge Antonio Barreto Jr He received credit for 50 days already spent in the county jail on that charge He received three years probation ordered Richard Sathianathan on Friday to undergo psychological counseling for trespassing and to stay away from Schwarzenegger's family and property Sathianathan, 32, also pleaded guilty to tampering with one of Schwarzenegger's vehicles Detectives later determined Sathianathan had been to the property several times Private security guards arrested Sathianathan after he jumped a fence at the Schwarzenegger home Man Sentenced in Schwarzenegger Trespass Oct 18, 1:37 PM EST A man caught sneaking around Gov |
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