Page 19 - Stakis C Case Study

Hilton Group (formerly Ladbroke) is a high roller in the
gambling and hotel game. The UK's No1 operator of

betting shops, the group offers betting on various events,

a daily lottery-style numbers game, and a soccer
telephone betting operation. Active internationally, the

company operates gaming enterprises in Europe, the

Americas, and the Middle East. The firm owns the rights

to the Hilton Hotel name outside the US and operates
more than 160 hotels in 50 countries. (The company

adopted the Hilton name in an effort to strengthen its

ties with the US hotelier.) Although its 1998 purchase of

Coral betting shops was blocked by British regulators, its
acquisition lust was satiated in 1999 when it bought

hotelier Stakis.

London: SKS (quote)

Financial year ended:
September 1998

Turnover (mil.): £359.1

Growth: 17.0%

Profit for the Financial Year (mil.): £56.6
Growth: 20.7%

1998 Employees: 13,500.0

1-Yr. Employee Growth: 27.9%
KEY PEOPLE

CEO:

David Michels