Harrah's, Gala to develop large casinos in U.K.

Harrah's Entertainment and Gala Group are close to finalizing a $1 billion joint venture that would develop eight casinos in the U.K. The plan calls for nearly twice the size of gambling houses legal in the U.K. Signing the letter of intent depends on whether Britain plans to ease its gambling laws, which restrict the size of casinos to 30,000 square feet.

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