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Wembley is planning to sell its six greyhound racing tracks to Risk Capital Partners for £50m.

Wembley is to be acquired by MGM Mirage of the US for £270m, which could lead to the development of casinos at Wembley's five UK greyhound stadiums.

Wembley is to close the Catford greyhound racing track in London, to make way for redevelopment of the site.

Wembley is to acquire the Perry Barr Greyhound Racing Club in Birmingham for £4.2m, and up to £2m will be invested in new facilities.

Wembley has sold its London-based property business to Quintain Estates for £48m, and the proceeds will be invested in its gambling operations.

Wembley is to sell its ticket retailing business to The Way Ahead Group for up to £0.6m, as part of a strategy to dispose of its non-core Events Services division.

Wembley is to sell its Keith Prowse hospitality business to management for £5.5m, in order to focus on its racetrack and gaming operations.

Wembley is to acquire Corporate Innovations Company, the event management company, for up to £4.5m.

Wembley is to seek planning permission to redevelop a 43-acre site next to Wembley Stadium in London.