Colorado Gaming is the largest casino management company in Colorado, and owns three limited-stakes casinos. Its earnings before interest, tax, depreciation and amortisation were $12.7m in the year to 31 December. Ladbroke is still awaiting a decision from the UK competition authorities on its pounds 363m purchase of the Coral betting chain from Bass.
LADBROKE, the hotels and betting group, yesterday completed its acquisition of Colorado Gaming and Entertainment of the US for $87m (pounds 53m) following approval by the Colorado Gaming Control Commission. Ladbroke said the payment included $53m of debt. The completion of the sale comes ahead of Ladbroke's results on Thursday, which analysts say will show a strong rise in interim profits.