Harrah's Extends Offer for London Clubs and MGM Mirage Selling Two Laughlin Casinos

Resorts & Casinos industry news provided by Financial News USA (OTC: FNWU). Harrah's Entertainment Inc. (NYSE:HET), the world's largest casino owner, said Wednesday it extended its offer for Britain's London Clubs International PLC to Nov. 4th. The previous offer period expired Oct. 17. London Clubs, which operates casinos in Britain, Egypt and South Africa, agreed in August to be bought for 125 pence (US$2.33; euro1.86)a share in a deal that values the business at 279.3 million pounds (US$521 million; euro415.6 million). Diamond I, Inc. (OTC BB: DMOI), a developer of wireless gaming products, including the GS2(TM) wireless hand-held gaming unit and the WifiCasino(TM) wireless gaming system, recently provided an update regarding the previously announced http://biz.yahoo.com/prnews/061002/nym141.html?.v=54, http://biz.yahoo.com/prnews/061005/lath072.html?.v=78 Global Gaming Platform venture among Diamond I, Real Video Gaming, Inc. (RVG), Voyant Media Group, Inc. (VMG) and Ibis Networks.

MGM Mirage (NYSE:MGM), the world's second-largest casino company, plans to sell its two casinos in the Colorado River resort town of Laughlin to a private investment group for $200 million. The purchasing group is led by Anthony Marnell III, chairman of Las Vegas-based M Resorts, and partner Edward Sher of Sher Gaming LLC, MGM Mirage said in a statement issued Monday. Skire, Inc. (http://www.skire.com), the leading provider of capital program lifecycle management solutions, recently announced an agreement with Boyd Gaming Corporation's (NYSE:BYD) Echelon Place development, a world class destination that is expected to open in 2010. Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 16 gaming entertainment properties located in Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana.

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2006-11-02