surprising

Hedley Leisure & Gaming Property Fund, which own pubs in Australia, may be bought by interests associated with the Laundy family, the Australian Financial Review reported.

Hedley Leisure & Gaming, struggling to repay some A$800 million ($730 million) in debt, appointed Australia & New Zealand Banking Group Ltd. to assess its options, the newspaper reported, without saying where it obtained the information.

Arthur Laundy, who controls up to 40 pubs in New South Wales state, is considering buying Hedley Leisure, the newspaper said. Laundy is a co-investor in listed National Leisure & Gaming Ltd. with Tom Hedley, who controls Hedley Leisure, the newspaper said.