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Melb Racing Club Acquires Gaming & Entertainment Venues

Monday, 31st May 2010

Chairman Peter Young announced the Melbourne Racing Club "has entered into a binding agreement to acquire a portfolio of gaming & entertainment venues". Young added: "The MRC has a proven track record in developing & managing some of the very best gaming & entertainment venues in Victoria. The combination of the new portfolio & the existing MRC gaming business will provide the club with additional non-racing revenues to support its on-going operations for the benefit of the racing industry & members of the club." Details of the acquisition "remain subject to confidentiality requirements & the acquisition is still subject to a number of closing conditions".

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