No Gala Coral deal for Rank Group

The Rank Group have announced that discussions with Gala Coral regarding the potential acquisition of Gala’s casino business have been terminated.

Rank say the talks, which were first confirmed on 30 January 2012, ended because it became clear that the terms of the deal would “not serve the best interests” of their shareholders.

Rank Group chairman and chief executive officer Ian Burke said: ‘'Rank remains committed to delivering sustainable growth in shareholder value; the proposed terms of the potential acquisition did not achieve this objective. We will now concentrate on delivering our organic growth plans, including the delivery of 12 more G Casinos by 2015.”

Share This Post


More News

MGM Resorts International has reported Q3 2020 revenue of $1.1bn, a 66% year-on-year decline as the company continues to struggle during the ongoing coronavirus pandemic.  The firm’s Las Vegas...

Helmet Guy of PlayAttack Affiliates on how both affiliate networks and affiliate programs can work to become a central node within the digital realm of the gambling industry. In computer science, the...