Jun 15
Tower Casino group has recently been acquired by Stanley Leisure. Leisure is a leading casino operator placed in Liverpool. The worth of Tower Casino is approximately $67.3 million cash. Leonard Steinberg is a chairman of 5 Tower casinos (the group of casinos that include Tower Casino). Two of 5 Tower casinos are placed in Birmingham. Three others are located in Reading, Blackpool, and Derby. 5 Tower casinos will increase Stanley’s acquisition by 40 casinos, 3 of which are in London. Leisure’s profit skyrocketed by 42% bringing pretax profit up by $53.2 million. What’s amazing is that five years ago Stanley Leisure had a betting business with some casinos on the side. Now things have changed and these casinos are of a very good quality.