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Kerzner confirms stake in London Clubs
International resort and gaming company, Kerzner International, has denied reports that it has acquired £50m of debt from London Clubs International (LCI).
The operator of premier resort hotels and casinos around the world broke with company policy not to comment on market rumours to quash the reports that had appeared in the UK press.
In a statement, the company owned by South African tycoon, Sol Kerzner said: 'it in fact owns $15m of LCI's Senior Notes, which it acquired in July and for which it paid approximately $13m.'
The company went on to say that it may have discussions with LCI in the future, but would not make any further public announcements in accordance with its usual policy. The company did however confirm that it was monitoring the UK deregulation process, which it expects will have a positive impact on the UK gaming market.
Kerzner International is a division of Sun International Hotels, formed this July to manage Sun International's 11 sites in Mauritius, Dubai and the Bahamas.
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