Casinos owned by caesars entertainment11/20/2023 LCI became a publicly traded company in 1994 when it was floated on the Unlisted Securities Market. Ultimately, London Clubs was able to satisfy regulators by replacing its top management and arranging for shareholder David Shamoon to sell his stock, and the casinos' licenses were renewed. The Gaming Board decided to oppose license renewals for the company's casinos in London. In 1991, British gaming regulators opened an investigation of London Clubs, focusing on alleged violations of casino regulations and questionable backgrounds of some of the company's shareholders. Its operations at the time comprised six casinos in London, one in France, and five on Cunard Line cruise ships. The next year, London Clubs became an independent company, when Grand Metropolitan sold an 80 per cent stake in the chain in a management buy-out for £128 million. In 1988, Grand Metropolitan decided to sell its casino division to focus on its core businesses of food, beverages, and retail. London Clubs originated as a chain of casinos owned by the conglomerate Grand Metropolitan. From 2006 to 2021, they were owned by Harrah's Entertainment and then Caesars Entertainment. The casinos began as part of Grand Metropolitan, and later became an independent company, London Clubs International. Metropolitan Gaming is a British gaming company that operates eleven casinos in the United Kingdom and Egypt.
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