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LAS VEGAS
Looking to gain a foothold in the potentially lucrative British gambling market, Caesars Entertainment Inc. announced Monday that it will construct a Las Vegas-style hotel-casino in London, England.
The $600 million (U.S.) resort will consist of 400 rooms and be built on 5.3 hectares next to the redeveloped Wembley National Stadium and Wembley Arena.
The property will be named Caesars Wembley, employing one of the best-known casino brands.
Caesars Entertainment president and CEO Wallace Barr said the area will be a natural draw for tourists.
"Wembley promises to become one of Europe's top new leisure destinations," Barr said in a statement. "With that in mind,...