LONDON Gala Bingo, a bingo operator in the UK, is in discussions with Hilton Group Plc to buy its casino unit for as much as $365 million, the London Sunday Times reported.
Galas unsolicited proposals for Hiltons casinos are being “examined” by David Michels, Hiltons chief executive, and Merrill Lynch & Co., which advises the company, according to the paper.
Michels previously said he plans to keep Hiltons casino businesses, although analysts said that selling them would provide an attractive exit.”(10/17/00)