LCI to sell land in Aladdin fundraiser
London Clubs International is in talks with several potential buyers of land around its ill-fated Aladdin casino complex in Las Vegas.
LCI recently increased its stake in the casino to allow the company to sell a majority control over the complex, which has struggled financially from the outset.
Despite encouraging second quarter results, it is still anticipated that LCI will significantly reduce its stake next year.
The land, which could raise as much as £15m, would go towards the recuperation of losses incurred so far.
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