The $600 million Caesars Wembley casino resort will be put up on 13 acres in a 58-acre section of land designated for redevelopment. The new property will feature a hotel with around 400 rooms, casino, restaurants,spa, pool, high-end retail shops, convention area, bars and lounges.

The resort will be part of a vast redevelopment project that includes the revamping of the huge 90,000-seat Wembley National Stadium and the 13,000-seat Wembley Arena.

Caesars has been seeking-out prospective deals in Britain since the government announced plans to develop its gambling market. Caesars remained hush-hush regarding such deals because the company wanted to be certain that regulators would accept rules sympathetic to U.S. investors.

Analysts say the legislation to permit more casinos in England is expected to pass sometime this coming spring with some licenses given as early as the beginning of 2006. The size of the proposed casinos and the numbers of slot machines in each have already been determined. The next step is for government officials to settle on impending casino tax rates and how local boards s ould approve casinos.

Partnering in the project with Caesars is Quintain Estates and Development Plc. Quintain is an investment and development company based in Britain. Each company will retain 50% of the venture.