Wembley Casino Plans Dropped

As reported by Reuters: "Britain's Quintain Estates & Development Plc (London:QED.L) has abandoned plans to build a casino near the new Wembley national stadium following opposition from the local government, knocking its shares.

"Quintain said on Thursday its decision would end its proposed joint venture with U.S. group Caesars Entertainment, owned by the world's biggest casino operator Harrah's Entertainment Inc. (NYSE:HET).

"...Quintain shares were down 1.7 percent to 649-1/2 pence by 1230 GMT..."

2006-08-24