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Mecca Bingo owner Rank’s shares have been boosted as investors welcomed a £205 million deal with Gala Coral to become the UK’s biggest casino operator. The proposed acquisition of Gala’s 23 casinos will give Rank’s Grosvenor division 58 UK sites – taking it above Malaysian firm Genting, which has 45 locations including Crockfords casino...
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...
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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