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The bingo and casino group, led by chairman Ian Burke, has made no secret of its interest in buying Gala Casinos but announced only on March 29 that earlier talks were off after it balked at the “proposed terms”. Rank Group (The) A key stumbling block was the obligation to take on...
(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...
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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