Information  X 
Enter a valid email address

London Clubs Intnl (LCI)

  Print      Mail a friend

Monday 16 September, 2002

London Clubs Intnl

Statement by Kerzner Int.

London Clubs International PLC
16 September 2002

16 September 2002

                         London Clubs International plc

                       Statement by Kerzner International

The Board of London Clubs International plc would like to bring to the attention
of its shareholders the following announcement that has been made by Kerzner
International today:

"PARADISE ISLAND, The Bahamas, September 16, 2002 - Kerzner International
Limited (NYSE: KZL) today corrected certain press reports that appeared in the
United Kingdom. While it is the Company's policy not to comment on market rumors
or the status of any potential transactions unless and until it has reached a
definite agreement concerning the transaction, in light of recently published
reports about a completed transaction suggesting that the Company acquired £50
million of debt of London Clubs International ("LCI"), the Company announced
that it in fact owns $15 million of LCI's Senior Notes, which it acquired in
July and for which it paid approximately $13 million.

"The Company believes that the expected deregulation of gaming in the United
Kingdom will have a positive impact on the UK gaming market and is monitoring
the progress of deregulation. The Company in the past has had, and it in the
future may have, some discussions with LCI, but in accordance with its normal
policy, will not be making any further announcements regarding potential

                                    - ends -

For further information, please contact:
Luke Morton
Bell Pottinger Financial
Tel: 020 7861 3881

                      This information is provided by RNS
            The company news service from the London Stock Exchange