Published

Rank announce Gala deal

Rank

Rank
Group have confirmed their acquisition of Gala Casinos from Gala Coral group, around six weeks after initial talks between the firms broke down.

Operators Rank have announced a conditional agreement to purchase the casino chain for a total cash consideration of £205m. The acquisition includes 23 casinos in Great Britain plus three non-operating licences.

Discussions between the companies were first confirmed on 30 January but ceased in late March, with both parties stating that the deal was not in the best interests of their respective shareholders.

Rank chief executive Ian Burke said: “We are delighted to have agreed terms with Gala Coral. This acquisition will deliver a step change in Rank‘s earnings by capitalising on our proven record of operational excellence in the British casino sector and will be earnings enhancing in the first full year of ownership.

“By rolling out the G Casino format into the Gala estate and expanding the Grosvenor Casino brand into 11 new cities, we will accelerate the growing awareness of the brand and support the development of a multi-channel gaming business.”
Premium+ Connections
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...