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Deutsche and JP Morgan score roles on $8.8bn casino deal

JP Morgan and Deutsche Bank are advising and financing the $8.8bn (€6.7bn) management buyout of a casino company by a private equity backer only months after the two banks scored fees from advising on the $27.7bn buyout of Harrah's.

Colony Capital is buying Station Casinos, backing the company's incumbent management, chief executive Frank Fertitta, and president Lorenzo Fertitta.

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