Investment updates….

Rank pulls new punters into casinos, bingo halls

February 9, 2012
Rank pulls new punters into casinos, bingo halls

 (Reuters) – British gaming group Rank reported an 8 percent rise in first-half pretax profit, benefiting from a rise in customers after efforts to lure a wider audience to its Grosvenor Casinos and Mecca Bingo halls with more bars and restaurants. “We have attracted significantly more customers under 35 and more women,” chairman Ian...

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Rank may bet on Gala Coral

January 31, 2012
Rank may bet on Gala Coral

Rank is pursuing talks with Gala Coral over a deal that could create the biggest casino business in the country. Rank’s Grosvenor division already has 35 casinos but it hopes to expand by buying the 24 outlets owned by debt-laden rival Gala Coral. This would see it overtake Malaysia’s Genting, currently the UK’s biggest...

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CryptoLogic sees weak Q2, shares plunge – reports Reuters

July 16, 2010
CryptoLogic sees weak Q2, shares plunge – reports Reuters

  * Sees Q2 total costs to be higher than expected * Sees Q2 operating loss to be sequentially wider * Says Q2 revenue likely to be slightly lower than Q1 * Shares touch 14-year low July 15 (Reuters) – Internet gaming company CryptoLogic Ltd (CRY.TO) said it expects second-quarter operating loss to be...

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