NEW: Chain with Palm Beach County movie theaters could be sold


A national movie theater chain with two locations in Palm Beach County could be sold to a London-based company.

Regal Entertainment revealed in a statement Tuesday that it is in talks to be purchased by Cineworld Group. 

If the deal goes through, Regal would sell for $23 a share to Cineworld, valuing the Tennessee-based theater owner at $3.6 billion, the Los Angeles Times reported.

Regal has two theaters in Palm Beach County: Regal Royal Palm Beach Stadium 18 at 1003 N. State Road 7, Royal Palm Beach; and Regal Shadowood 16, 9889 W. Glades Road, Boca Raton. It also has a location in Jensen Beach, and several in Broward County.

According to the LA Times, the merger would make Regal — the second-largest theater operator in the U.S. — and Cineworld more able to compete with AMC Entertainment, the China-based theater group that holds the position as the largest cinema operator in the world. AMC owns the theater at CityPlace in West Palm Beach.

Read more from the LA Times.

Another local movie theater was sold earlier this year: The former Paragon luxury movie theater at the Mall at Wellington Green now is CMX. Signage on the outside of the mall has yet to change. Read more about that sale.


Reader Comments ...


Next Up in Local

1 injured in shooting at Florida high school
1 injured in shooting at Florida high school

One person was injured Friday morning in a shooting reported at Forest High School in Ocala, according to the the Marion County Sheriff's Office.
Florida man, 19, wins $15 million playing lottery scratch-off ticket 
Florida man, 19, wins $15 million playing lottery scratch-off ticket 

A 19-year-old Florida man claimed a $15 million top prize in a new scratch-off game, Florida lottery officials announced Wednesday. Quinn Kofler of Bonita Springs won the top prize in the Florida 100X the Cash scratch-off game, lottery officials said in a news release. The scratch-off game, which costs $30, debuted on Feb. 26 and features eight...
Police: Mother facing charges after student, 7, attends school with cocaine in system 
Police: Mother facing charges after student, 7, attends school with cocaine in system 

An Ohio woman is facing charges after her 7-year-old child allegedly was high on cocaine while attending class Monday, police said. The child is a student at North Elementary School in Urbana, one of the district’s kindergarten and first-grade schools, and was acting very unusual in the late morning, police and school officials said. “The...
NEW: Teen out on bond in fatal 2016 crash arrested in West Palm shooting
NEW: Teen out on bond in fatal 2016 crash arrested in West Palm shooting

A teen out on bond in a fatal 2016 crash now faces an attempted murder charge in a shooting Tuesday morning at a West Palm Beach apartment complex.  Marauavious Hill, 19 of Riviera Beach was arrested late Thursday for reportedly shooting at a man and his sister shortly after 9 a.m. Tuesday at the Palm Grove Apartments. Judge Ted Booras...
Tammy Duckworth makes Senate history, votes with infant daughter in her arms 
Tammy Duckworth makes Senate history, votes with infant daughter in her arms 

Maile Pearl Bowlsbey doesn’t know it, but the 10-day-old infant made history Thursday at the U.S. Senate. Her mother, Tammy Duckworth, became the first person to cast a vote on the Senate floor with her newborn in her arms, The New York Times reported. The Democrat from Illinois participated in Thursday’s vote on the confirmation of...
More Stories