2005-08-25
British hotels and gambling firm Hilton Group Plc said on Friday it had bought Welsh betting shop chain Jack Brown Ltd for 76 million pounds ($134 million).
Hilton said it would spend 12 million pounds refurbishing the 141 shops and switching them to its Ladbrokes brand, and forecast they would add 4 million pounds to second-half earnings before interest, tax, depreciation and amortisation.