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Stakis has received a takeover approach from Ladbrokes, and it could result in a bid of more than £1bn for the hotels and casinos group. 06-Feb-1999 Stakis is to invest £119m over the next 18 months in its hotels, casinos and health clubs, creating 850 jobs. 21-Jan-1999 Stakis, the hotels, casinos and health clubs group, is to increase spending on new-build and development projects to £119m over the next 18 months, compared to last year's £59m. 04-Dec-1998 Stakis has agreed a contract to operate a luxury hotel that is being developed by London & Regional Properties in Cockspur Street, London. 31-Oct-1998 Stakis has won approval to set up a £5.6m casino in Hull. 01-Oct-1998 Stakis LivingWell is to build a £4.5m health club at Belfast Harbour Exchange, including pool, saunas, and other facilities, creating 50 jobs. 08-Sep-1998 Stakis is considering plans to expand its hotels, casinos and fitness clubs into continental Europe, and is also looking to buy more hotels in London. 17-Aug-1998 Vaux has ended takeover discussions with an unnamed company, thought to be Stakis, prompting speculation that Stakis may now turn its attention to Thistle Hotels. 13-Jun-1998 Stakis has sold the lease of its St Ermin's Hotel in Westminster to Strategic Hotel Capital of the US for £48m but will retain the management contract for 10 years. 11-Mar-1998 Stakis is looking to sell eight of its three-star hotels, raising up to £45m, in order to speed up its transformation into a four-star group. 30-May-1997 Stakis is planning to buy the Maybury Roadhouse in Edinburgh from Scottish & Newcastle for £2.5m, in order to run it as a casino. 21-Nov-1996 Stakis has acquired Metropole Hotels from Lonrho for £327m, adding 2,266 rooms to its existing 5,500. 01-Nov-1996 Stakis is acquiring LivingWell Health and Leisure, the chain of five health clubs, for £19.8m. 14-May-1996 Stakis has bought the International Casino in Gibraltar for £5.5m. 04-Apr-1996 Stakis is to build a £16.3m hotel and golf resort near Belfast airport, creating about 150 jobs. 29-Feb-1996 Ladbroke has acquired London's Barracuda casino from Stakis for £27m, conditional on the successful acquisition of licences from the authorities. 09-Feb-1996 Ladbroke is in discussions to buy London's Barracuda casino from Stakis. 30-Jan-1996 Stakis has bought the Clarendon Hotel in Edinburgh for £2.9m. 18-Nov-1995
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